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 ...
But inflation has retreated massively since striking four-decade ... “By leaving interest rates at 5pc the Bank of England showed it is more like the ECB than the Fed and is cutting interest rates ...
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British inflation held steady in August but sped up in the services sector which is closely watched by the Bank of England, ...
The inflation rate in the Euro Area decreased to 2.2% in August from 2.6% in July 2024. The Consumer Price Index in the Euro Area increased 0.1% in August over the previous month. ETFs: (EWG), (GF), ...
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