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 is likely to continue to cut its key interest rate, but is not in a rush to do so, Governor Andrew Bailey ...
(MENAFN) The bank of England decided to keep its main interest rate steady at 5 percent on Thursday, despite a major cut from the United States Federal Reserve, marking its first reduction ...
as it prefers to change interest rates at meetings where it delivers its monetary policy reports. Hence the first-rate cut came in August, and the market expects the second rate cut in November, ...
A day after it was confirmed interest rates would remain unchanged, the governor of the Bank of England was touring Kent’s ...
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