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Bank of England to Hold Borrowing Costs at 15-Year High Amid Battle Against Inflation, Rate Stands at 5.25%

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Published Nov 2, 2023, 04:06 AM

The Bank of England is expected to keep borrowing costs at a 15-year high and signal no plans for future cuts. The decision comes as the bank battles against high inflation rates. The interest rate currently stands at 5.25%, the highest in 15 years.

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Digital Journal

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Bank of England set to hold interest rate https://t.co/fkleTX64ii

Reuters

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Bank of England set to keep rates at 15-year high despite slowdown signs https://t.co/AaKztvUaJW https://t.co/CjFkNouLR8

Reuters Business

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The Bank of England looks set to hold borrowing costs at a 15-year high on Thursday and signal that it does not plan to cut them anytime soon as it remains locked in a battle against the most elevated inflation rate among the world's rich economies https://t.co/PikEoMyUhm

Bank of England to Hold Borrowing Costs at 15-Year High Amid Battle Against Inflation, Rate Stands at 5.25%

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