Bank of England base rate

Bank of England Base Rate

The Bank of England has warned of a recession risk in the run-up to expected changes. Interest rates have been left unchanged at 5.25%, as the Bank signals a 50-50 chance of a recession by mid-2024.

Economic Uncertainty

The decision to keep the base rate steady comes amidst economic uncertainty and concerns about the potential impact of various factors on the UK economy. The Bank of England's stance reflects a cautious approach in the face of global economic challenges.