Bank rate-setter Taylor urges ‘extended hold’ for interest rates (opens original article in a new tab)

A Bank of England rate-setter called for maintaining current interest rates until economic certainty returns, while noting potential for cuts if geopolitical tensions ease.

• Bank of England rate-setter Alan Taylor urges extended hold on interest rates due to economic uncertainty.
• Taylor suggests possible rate cuts if Middle East conflict eases and energy prices drop.
• MPC majority kept rates at 3.75% with two members advocating higher rates.