Financial Times – Interest rates held at 15-year high of BoE warns of stagnating economy 

The Financial Times reports on Thursday’s news that the Bank of England will not raise interest rates further – although they will remain at the current 15-year high of 5.2%. 

The paper says that output is likely to remain stagnant throughout 2024, and that there is even a risk of an “outright contraction” of the economy.