Bank of England holds interest rates steady after August cut
- The Bank of England has decided to keep interest rates steady after an initial cut in August, despite the U.S. Federal Reserve's significant rate cut.
- Allan Monks from JP Morgan and Frederik Ducrozet from Pictet Wealth Management remarked that the Federal Reserve's actions won't directly influence the Bank of England's decisions.
- The decision was confirmed by the Bank of England and is seen as a cautious move amidst wider economic changes.
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Coverage Details
Total News Sources0
Leaning Left12Leaning Right12Center6Last UpdatedBias Distribution40% Left, 40% Right
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
40% Right
L 40%
C 20%
R 40%
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