UK Interest rates finely balanced

The Bank of England’s chief economist Huw Pill has said that the decision of whether to raise UK interest rates further is “finely balanced”.

Mr Pill said a lot has been done over the last two years and a lot of that policy still has to come through and affect the real economy.

We will have to wait until the Bank of England base rate meeting on 2 November 2023 to see what happens next!