The Bank of England’s Monetary Policy Committee (MPC) has postponed the announcement of this month’s meeting until 22 September.
The decision to postpone the meeting was made following the death of Queen Elizabeth II on Thursday 8 September. The minutes of the meeting were originally meant to be announced this week on Thursday 15 September, a day after the MPC gathers.
However, this would have been during the nation’s 10-day period of mourning.
The Bank of England’s announcement said: “In light of the period of national mourning now being observed in the United Kingdom, the September 2022 meeting of the MPC has been postponed for a period of one week. The Committee’s decision will be announced at 12pm on 22 September.”
The base rate is currently 1.75 per cent and it had been widely speculated that this will be increased by 50 basis points to 2.25 per cent. If this happens, it will be the seventh consecutive increase of the base rate and put it at its highest level since November 2008, when the base rate was three per cent.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
