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 ...
Prices in the UK went up by 2.2% in the 12 months to August, the same rate as in the year to July. The Bank of England has a ...
UK inflation remains at 2.2% in August, with services sector inflation rising to 5.6%. Bank of England faces complex decision ...
Stocks jumped Thursday morning as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut.
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), ...
The British pound rose against the dollar on Wednesday after UK inflation data boosted the market view that the Bank of ...
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