Following September's surprise news on inflation easing, the Bank of England duly announced that base rate would remain the same at 5.25% 💷
A marginal 5-4 vote by the Bank's Monetary Policy Committee sees this key rate unchanged for the first time since November 2021 - A welcome relief for borrowers feeling the effects of increased costs over the last 2 years 📈
However, with 4 MPC members electing to raise borrowing costs again, the BoE may still lift rates higher over the coming months 😬
With the future outlook for interest rates remaining uncertain, an informed and experienced commercial finance broker can help SMEs navigate the continued market turbulence 🧭
Whether you're looking to boost working capital, fund growth or refinance existing lines, KeySME Business Finance will cut through the noise to structure a solution tailored to your specific requirements ✔️
If you have any upcoming finance needs, please don't hesitate to get in touch to see how we can help #UnlockYourPotential 🔑
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