{"id":275419,"date":"2026-02-05T12:52:08","date_gmt":"2026-02-05T12:52:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/275419\/"},"modified":"2026-02-05T12:52:08","modified_gmt":"2026-02-05T12:52:08","slug":"bank-of-england-holds-interest-rates-at-3-75","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/275419\/","title":{"rendered":"Bank of England holds interest rates at 3.75%"},"content":{"rendered":"

No treats for borrowers – but rate cut might be coming soonpublished at 12:25 GMT<\/p>\n

12:25 GMT<\/p>\n

\"\"Dharshini David
Deputy economics editor<\/p>\n

There were no treats for borrowers from the Bank of England today – but it dangled the possibility of more soon.<\/p>\n

However, there may not be many more left in the tin.<\/p>\n

The Bank\u2019s job is to get inflation to its 2% target – and keep it there.<\/p>\n

It expects it to fall to that level soon and remain at or a bit below it over the next couple of years, and it is forecasting subdued economic growth and a weak jobs market. <\/p>\n

So the Bank admits rates are “likely to be reduced further\u201d – it\u2019s a case of when, not if.<\/p>\n

But it has to balance that against lingering price pressures in areas such as services, including hotel stays. <\/p>\n

It says the judgement about rates cuts \u201cwill become a closer call”.<\/p>\n

The implication is that rates are close to the bottom – economists predict between one and three cuts more.<\/p>\n

But they\u2019ll remain considerably above what they were say, five years ago, in the depths of the pandemic lockdown era.<\/p>\n","protected":false},"excerpt":{"rendered":"No treats for borrowers – but rate cut might be coming soonpublished at 12:25 GMT 12:25 GMT Dharshini…\n","protected":false},"author":2,"featured_media":275420,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":{"0":"post-275419","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-il","11":"tag-israel"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/275419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=275419"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/275419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/275420"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=275419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=275419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=275419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}