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12 June: Market Remains Hopeful For Rate Cut Later This Year The US Federal Reserve has held interest rates in a target range between 5.25% and 5.5%, a
11 April: Hopes Rise For Summer Cut To Borrowing Costs The European Central Bank (ECB) has, as widely expected, left borrowing costs untouched across th
13 February: Modest Fall Dashes Hopes Of Spring Rate Cut Headline US inflation dipped to 3.1% in the year to January 2024 - a smaller fall than forecast
The Bank of England has held the base rate at 5.25% today, the fourth consecutive time it has opted to keep rates unchanged. Today's decision came with a batch of forecast revisions, all of which made for positive reading. Inflation is expected to fall to 2% in 2024, before picking up slightly to 2.3% in 2026.
The real impact of inflation is felt by households in the form of higher bills - but today's rise could be a small blip in what proves to be an overall continued fall in the cost of living.