Bank of England expected to hold interest rates

The MPC cut the Bank rate from 4% to 3.75% in December, and suggested rates were "likely to continue on a gradual downward path". Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Bank of England's Monetary Policy Committee (MPC) is widely expected to maintain interest rates at 3.75% during its first meeting of the year, despite inflation remaining above its 2% target.

Inflation currently stands at 3.4% for the year to December.
The MPC had a narrow vote for a rate cut in December, and analysts suggest little new data has emerged to alter the balance between persistent inflation and weak economic growth.
Rachel Springall from Moneyfacts highlighted that 70% of savings providers have cut rates since the start of the year, negatively impacting savers.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article

Related News

business1w ago

Bankers want CBK to hold rate at 9pc ahead of MPC

The Kenya Bankers Association (KBA) has urged the Central Bank of Kenya (CBK) to maintain the benchmark lending rate at 9 percent ahead of the upcoming Monetary Policy Committee (MPC) meeting. The KBA believes keeping the rate unchanged will allow for the full transmission of previous cuts and facilitate a smooth transition to risk-based lending.

Capital Business

📰 Read Full Story

business2w ago

UK interest rates held at 3.75% but Bank says future cuts likely

The Bank of England has maintained interest rates at 3.75% following a close five to four vote, though future cuts are expected this year. This decision comes despite a mixed economic outlook and a reduction in borrowing rates in December.

Capital Business

📰 Read Full Story

3w ago

Why Kenyans are not taking bank loans despite falling interest rates

This article discusses why Kenyans are not taking bank loans despite falling interest rates, a significant economic trend within the country.

The Standard Business

📰 Read Full Story

top4w ago

KRA Sets New Interest Rates for Employee Loans and Office Perks

The Kenya Revenue Authority (KRA) has set new interest rates for employee loans and fringe benefits at 8 per cent for the first half of 2026. This directive provides crucial guidance for employers on calculating taxable benefits and ensuring compliance with tax laws.

Kenyans

📰 Read Full Story