BUSINESS LIVE: Rate of interest resolution – will they rise to five.5%? Retailer Subsequent upgrades revenue expectations

BUSINESS LIVE: Rate of interest resolution – will they rise to five.5%? Retailer Subsequent upgrades revenue expectations

By This Is Money

Up to date: 03:10 EDT, 21 September 2023

At this time, all eyes might be on Financial institution of England policymakers and whether or not they may as soon as once more hike base fee. That comes after inflation information yesterday revealed CPI edged down to six.7 per cent in August.

Among the many corporations reporting immediately are Subsequent and JD Sports activities. Learn the Thursday 21 September Enterprise Stay weblog beneath.

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Economists and enterprise teams mentioned it could be a mistake for officers assembly immediately to extend charges for the fifteenth time in a row from 5.25 per cent to a potential 5.5 per cent.

And monetary markets, which till yesterday have been firmly betting on one other hike, noticed the choice as being on a knife edge. Specialists at Goldman Sachs and quite a few different banks now count on the Financial institution to maintain charges unchanged.

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