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 ...
Bank of England governor says “we need to be careful not to cut too fast or by too much”, after leaving borrowing costs ...
In "Money and Promises," Paolo Zannoni, the historian, banker and executive deputy chairman of Prada, tells the tale of ...
The chancellor was handed more room for manoevre as a result of a Bank of England decision to slow the pace of its ...
Irish Independent on MSN1d
Sterling hits two-year high as Bank of England leaves key interest rate unchangedThe pound rose to its highest level in more than two years against the US dollar after the Bank of England (BoE) held interest rates steady and said it will not rush to ease policy. The BoE’s Monetary ...
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