BOE Set to Hold Rates as UK Budget Looms Over Decision
Update: 2025-11-02
Description
The Bank of England is expected to hold off on cutting interest rates, breaking a year-long pattern of easing policy. Despite high inflation and an upcoming budget announcement, investors and economists agree the Bank is likely to pause. However, growing speculation suggests a rate cut in December, with nearly sixty percent of traders betting on a move. Meanwhile, other central banks around the world are likely to keep their rates unchanged, and global investors watch for signs of cooling trade tensions. The direction of UK interest rates remains uncertain.
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