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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Total News Sources0
Leaning Left11Leaning Right12Center5Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 39%
C 18%
R 43%
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