The Bank of England's next Monetary Policy Committee (MPC) meeting is set for 19 September 2024, and all eyes are on the direction of the base rate, which was reduced to 5% in the last meeting in August. This move came after a prolonged period of rate hikes aimed at curbing inflation, which had surged to 11.1% in late 2022 but has since fallen closer to the Bank's 2% target.
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