Bank of England Holds Firm on Rates as Inflation Challenges Mount, Revealing Deep Policy Divisions
The Bank of England’s final monetary policy meeting of 2024 concluded with a decision to hold interest rates steady at 4.75%, despite mounting pressures from a resurgent inflation rate and faltering economic growth. This decision, while anticipated by most analysts, revealed significant divisions within the Monetary Policy Committee (MPC) that could shape the central bank’s […]
