ASX 200 LIVE: ASX to rise, tracking Wall Street; Macquarie earnings ahead

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Shares are set to rise 1 per cent as Wall Street rallies; Coles, Downer EDI hold AGM’s. Follow here for more

The Bank of England has kept its main interest rate unchanged at the 15-year high of 5.25 per cent, as inflation across the UK is expected to fall further over the coming months.

In a statement Thursday, the bank’s nine-member Monetary Policy Committee indicated that inflation, as measured by the consumer price index, is set to fall toward a 2 per cent target rate over the coming year. In the year to September, inflation stood at 6.7 per cent. Most economists expect a sizable decline over coming months as domestic energy bills fall. Read the full story .

 

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