Interest rates kept on hold at 3.75%
However, the committee has lowered its overall inflation expectations since its last meeting in April, with an expectation that the rate will hit 3.25% in
However, the committee has lowered its overall inflation expectations since its last meeting in April, with an expectation that the rate will hit 3.25% in the final three months of the year. This is below even its most benign scenario outlined by the Bank earlier in the year, but still above the 2% target.
The BriefWire