Bank of England holds interest rates at 4% ahead of make-or-break budget

Borrowing costs kept unchanged for second meeting in a row, with inflation at nearly twice official targetBusiness live – latest updatesBank of England policymakers have voted to leave interest rates at 4%, as Rachel Reeves prepares for her make-or-break budget just under three weeks away.The Bank’s nine-member monetary policy committee (MPC) announced that they had decided to leave interest rates unchanged for the second meeting in a row, in line with City forecasts of a hold. Continue reading...