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.
Analysts Expect Cuts Before Christmas The Bank of England held its main interest rate at 5% today despite a 0.5% percentage point cut by t ...
As inflation rates have fallen from multi-decade highs recently ... It also signaled that there will be more cuts to come in the next few months. The Bank of England is widely expected to reduce ...
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The Bank of England may have got a head-start on the Federal Reserve, but the tone from UK policymakers is still much more ...
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