Last week saw the Bank of England (“BoE”) maintain a cautious tone on the future trajectory of interest rates. Governor Andrew Bailey noted that while inflation has made significant progress toward the BoE’s 2% target, a gradual approach to interest rate cuts is necessary to ensure sustainable price stability. His comments come after the BoE decided to keep rates unchanged last week, following a 0.25% cut in August. Expectations are now centred around a neutral rate of 3% to 3.5%, with Bailey indicating that near-zero rates are unlikely to reoccur barring a significant economic downturn.

Stocks featured:

Card Factory, Accesso Technology Group and Halma

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