The Bank of England is expected to keep interest rates on hold this week, but borrowers hoping for a cut may have to wait a little longer, according to economists.
On Monday, the UK observed a bank holiday for May Day, and on Tuesday, the stock market demonstrated accumulated optimism. The FTSE index (UK100) today surpassed the 8300 mark. Additionally: → The opening occurred with a bullish gap; → On…
Economists expect them to be kept at the current level of 5.25 per cent, which it has been held at since August last year. It means borrowers could have to wait longer before pressure starts to ease.