Bank of England Interest Rate Decision Imminent
The Bank of England is scheduled to announce its latest decision on interest rates later today. Policymakers are currently evaluating subdued economic growth alongside concerns about a potential resurgence of inflation.
Market Expectations
Financial markets widely anticipate that the Bank of England’s Monetary Policy Committee (MPC) will maintain the base interest rate at its current level of 4.5 percent.
FTSE 100 and Corporate Updates
The FTSE 100 is set to open at 8 am. Several companies are expected to release reports and trading updates today, including Prudential, Yorkshire Water, Bloomsbury, and Rathbones.
Global Context: US Federal Reserve
This decision follows the US Federal Reserve’s recent move to hold borrowing costs steady, remaining in the 4.25 to 4.50 percent range. The Federal Reserve is closely monitoring inflation in light of US President Donald Trump’s proposed tariff policies.