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The Bank of England has delayed a decision over raising interest rates to tackle soaring inflation after the death of the Queen.
The central bank said its rate-setting monetary policy committee (MPC) would postpone its planned meeting for Thursday 15 September by a week as the country observes a period of national mourning.
In a statement, Threadneedle Street said: “In light of the period of national mourning now being observed in the United Kingdom, the September 2022 meeting of the monetary policy committee has been postponed for a period of one week. The committee’s decision will be announced at 12 noon on 22 September.”
More details soon…
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