Bank of England Holds Rates, Market Eyes December Cut

On November sixth, the Bank of England maintained interest rates, a move that saw the pound dip slightly against the dollar and government bond prices surge. The decision, a close one, was influenced by signs of slowing inflation. Analysts anticipate a rate cut in December, balancing the risk of entrenched high inflation with potential future easing.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.