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Spring is sprung

Last Updated: September 30, 2025

The Bank of England is expected to hold interest rates at 0.5% when its monetary policy committee meets on Thursday. For the past few weeks, Governor Mark Carney has backpedalled on a May hike following a run of poor economic data. With the committee gun-shy about pulling the trigger when economic data are glum, it could be some time before we see another rate rise. GDP growth has been trending downward for a year now, posting a paltry 1.2% annual expansion in the first quarter.