- Decisions become increasingly ‘finely balanced’
- Rate-setters’ next move looks difficult as inflation and the economy both slow
After a dizzying ascent, the Bank of England (BoE) has held interest rates steady at 5.25 per cent since August (see chart). But although rates have plateaued, divisions between rate-setters only look set to increase. Could we see the first votes for a cut in the December meeting?
