The Bank of England has backed away from an immediate rise in interest rates, leaving the benchmark at the historic low of 0.1 per cent even as it published its highest inflation forecast for a decade, predicting it would reach 5 per cent in the spring of next year.
The bank’s Monetary Policy Committee said it was likely interest rate rises would be needed “over coming months”. But the level of urgency was dialled down compared with governor Andrew Bailey’s comments during October that the committee “will have to act” to restrain inflation.
The decision to keep interest rates on hold confounded financial markets, which were convinced the BoE was poised to raise rates, to 0.25 per cent, for the first time since 2018.
您已阅读23%（723字），剩余77%（2395字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。