Interest rates live updates: Bank of England overwhelmingly expected to slash rates [Yahoo! Finance]
MARKS & SPENCER GRP S/ADR (MAKSY)
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Source: Yahoo! Finance
Most economists think policymakers at the Bank of England will opt to reduce interest rates to 4.75% today. Rates currently sit at 5% after being cut by 0.25 percentage points in August, the first reduction since 2020, then kept the same in September. Since then, the latest official data showed UK Consumer Prices Index (CPI) inflation fell to 1.7% in September, the lowest level since April 2021. The slowdown, from 2.2% in August, was driven by a sharp slump in petrol prices and lower airfares. Bank of England expected to cut interest rates today Inflation below 2 per cent target for the first time in three years Budget could threaten longer-term interest predictions Albert Toth Several British companies have warned of rising costs to consumers in the wake of Labour's Budget. Business leaders from Marks and Spencer, Wetherspoon and Persimmon all join a growing list of bosses who have expressed concern. Marks and Spencer's Stuart Machin said the retailer is expectin
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