Interest rates on hold - 14th December 2023

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Interest rates on hold - 14th December 2023

The Bank of England has left interest rates on hold for the third time at 5.25%. Stock markets rallied this morning ahead of the Bank of England’s decision after the Federal Reserve’s acknowledgment that cuts will likely come in 2024.

The current rate of inflation is 4.6%, considerably down from last year’s peak just above 11% but remains above the target 2%.

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Newbury
Berkshire RG20 0BP
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