No need for Bank of England rate rise this year, IMF says
The Bank of England will not need to raise interest rates this year to combat the effects of rising energy costs, according to the world's lender of last resort.
The Bank of England has held interest rates at 3.75% but signalled that further cuts are now "likely" later in the year as inflation falls back to the Bank's 2% target faster than expected....
The Bank of England's decision to hold interest rates was short on action but strong on signals that a rate cut this spring is now more likely than not.
The Bank of England has announced it is scaling back the rate at which it is selling bonds into the financial market as part of its quantitative tightening programme.
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