Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
On Wednesday, the Fed became the latest major central bank to reduce borrowing costs, cutting its main interest by half of a percentage point to roughly 4.8% from a two-decade high of 5.3%, where it had stood for 14 months. It also signaled that there will be more cuts to come in the next few months.
The Bank of England has given Chancellor of the Exchequer Rachel Reeves a £4 billion ($5.3 billion) lifeline to help ease ...
The chancellor was handed more room for manoevre as a result of a Bank of England decision to slow the pace of its ...
Given uncertainty over the likely performance of the US economy and the Fed’s response, Mann suggested that the Bank needed ...
A swath of central banks followed the Federal Reserve in issuing interest-rate decisions, though several held policy steady: The Bank of England held rates at 5%, as expected. Like the European ...
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