RefreshGet notified of updatesExperts expect UK interest rates to be unchanged following MPC’s meeting Good afternoon, and welcome to our live coverage of tomorrow’s decision from the Bank of England’s Monetary Policy Committee (MPC) on UK interest rates. Lower interest rates tend to support economic activity (by encouraging borrowing and investment), higher interest rates tend to curb inflation (by reducing the amount of money in circulation). Good morning, and welcome back to live coverage as the Bank of England's Monetary Policy Committee (MPC) announces its latest UK interest rates decision. Fed cuts interest rates ahead of Bank of England’s decision While we’ll have to wait until 12pm today for confirmation of the Bank of England’s next decision over UK interest rates, the big news overnight is that the Federal Reserve (Fed) has cut US interest rates by 25 basis points to 4.00-4.25%. While Raja sees UK interest rates settling at “closer to 3.25% ahead of next summer”, there is considerable uncertainty surrounding this forecast.