![]() ![]() Judging by its latest monetary policy report, the MPC now wants to take a break from rate rises so that it can see how things develop. Is the tightening cycle that began in December 2021 now over? Is the Bank going to follow the example of the US Federal Reserve and signal a pause in rate hikes? Would it warn that the peak was still some way off? What businesses and the 1.3 million people coming off fixed rate mortgage deals by the end of the year want to know is what happens next. ![]() With inflation at 10.1% – five times its official 2% target – it would have been a real surprise had the MPC voted for anything other than a quarter-point rise. In truth, the increase in interest rates to 4.5% was always nailed on. ![]()
0 Comments
Leave a Reply. |