Just in case anyone hadn’t got the message at last week’s inflation report presser, the Bank of England has today pretty much confirmed that it won’t consider further cuts to bank rate over the next few months.
Last month’s minutes featured a discussion on the relative pros and cons of cutting bank rate from its current record low of 0.5 per cent. Notable for its absence from the August meeting minutes, released this morning, was any such discussion. Further cuts are, for now, not even under consideration. Read more