Interest charge choice: Bank of England anticipated to carry charges at 5.25% | EUROtoday

Good
morning from the Bank of England in central London.

I’m
right here to carry you the newest choice on rates of interest, that are determined in
this grand constructing behind me.

I’m undecided when this will probably be revealed. But at
10am, I’ll be heading to the Bank’s basement down a protracted spiral staircase –
it’s not fairly Gringotts (for you Harry Potter followers), however I prefer to suppose it
has that vibe.

Along
with different journalists, I’ll be locked in a room for 2 hours and handed a
doc revealing the Bank’s rate of interest choice and causes behind it.

We
will even get the newest report on what the Bank thinks will occur to
inflation and the UK economic system within the coming months as effectively.

So
I’ll have two hours to digest the information – in addition to some tea and biscuits –
package deal it collectively, and clarify what all of it means shortly after noon.