Interest rates expected to be held again by Bank of England

Core point

The Bank of England is expected to maintain its current interest rates due to global political and economic uncertainties. The Monetary Policy Committee (MPC) meets eight times a year to make decisions that affect loan and mortgage rates. The latest inflation figures show a rate of 2.6% in the UK, which is above the target of 2%. Analysts predict that interest rates will remain unchanged in the near future.