JUST IN: 🇬🇧 Bank of England kept interest rate unchanged at 4.25%
Area Likely Effect at 4.25% Inflation Downward Pressure Mortgages More expensive Spending decreases Business growth slows GBP Likely stronger Stocks Mixed impact Savings Increased returns Area Likely Effect at 4.25% Investments & Savings Savings account and bonds are likely offering better returns. Fixed-income investors benefit. People might rotate money out of stocks into safer, interest-bearing assets.