The central bank is due to announce its latest decision on interest rates on Thursday. It raised hopes that the prolonged period of higher interest rates could soon be eased. But experts think the Bank is not quite ready to reduce rates, which have stood at 5.25% since August last year, the highest level since 2008. June’s meeting happening during the General Election campaign could be enough to deter a rate cut, some analysts predicted. Financial markets are expecting interest rates to be kept the same this month, with just a small chance that they will be cut.

Source: The Star June 16, 2024 23:19 UTC