BBCNEWS World July 2, 2024
no big surprise there, rates on hold but what does the bank of england thing happens next because it always got its eye on the future, hasn't it? yes, you are right. we saw this second hold in a row and i think what the expectation is going forward is that we will see interest rates higherfor longer. the chief economist at the bank of england has thought about this table mountain theory where interest rates go up and they are expected to raise at this elevated level for some time before we eventually see cuts, perhaps around august of next year, even a bit later. inflation is still r...