Bank of England Prepares for Interest Rate Decision

The Bank of England's policy meeting is anticipated amid rising UK inflation, which reached 2.6% in November, the highest since March 2024 (MoneyWeek). In New Zealand, falling interest rates could benefit borrowers, but limited reductions are expected, and inflation risks remain, particularly with a potential rise in unemployment (OneRoof). Meanwhile, economist Torsten Slok suggests the U.S. Federal Reserve may need to maintain or even increase interest rates due to stronger-than-expected economic growth and persistent inflation pressures (Bitcoinsistemi). In Australia, a shakeup of the Reserve Bank Board is underway, with new appointments set to influence future interest rate decisions, occurring before the next federal election (Epoch Times). This restructuring aims to create a more focused monetary board while ensuring current members retain their roles.