Bank of England expected to hold interest rates at 4% – live updates


Interest rates expected to be held by the Bank of Englandpublished at 11:01 BST

Kevin Peachey
Cost of living correspondent

Interest rates are widely expected to be held at 4% when policymakers at the Bank of England meet today.

The Bank rate, which heavily influences borrowing costs and savings rates, was cut from 4.25% to 4% by the Bank’s Monetary Policy Committee (MPC) at its last meeting in August.

It took the rate down to its lowest level for more than two years, but many analysts believe there will be no further cuts during the rest of this year.

The decision will be revealed at 12:00 BST and comes after official data on Wednesday showed prices were rising at nearly twice the target level, driven by the higher cost of food.

Our teams at the Bank of England and our London newsroom are poised to bring you the decision as soon as it lands – and, crucially, break down what it means for you and your money. Stay with us.


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