0:00
Why did the Bank of England hold interest rates
0:01
Why do they hold interest rates? They held interest rates because they're still a bit concerned about inflation being stickier than they would like
0:08
Although the headline inflation is down to 3.4%, I think. Services inflation is still at 6%, so things like rents
0:16
That's worrying them, that's worrying economists that it will filter through to wages
0:21
that it will leave inflation for longer. So they're holding rates for now. But clearly the glide path today, as they say, is towards rate cuts probably in June this year
