Bank of England Expected to Keep Interest Rates Unchanged Despite Rising Inflation The latest inflation figures for the UK show a mixed picture, with prices rising 3. 1% in August – the highest five month high on record.
However, the Bank of England seems determined to keep interest rates unchanged despite growing economic concerns. Economists expect a majority of the Monetary Policy Committee members to maintain the current 3.
75% rate for the sixth consecutive meeting. This decision is based on the relatively soft economic backdrop, including wages and labor market indicators. But what does this mean in practical terms?