Bank of England holds interest rates steady after August cut

Bank of England holds interest rates steady at 5% amid ongoing bond reduction strategy

The Bank of England (BoE) has decided to maintain its key interest rate at 5 per cent, following a recent trend of cautious monetary policy adjustments. The decision, made by the Monetary Policy Committee (MPC) with an 8-1 vote, comes as inflationary pressures appear to be easing. Only external member Swati Dhingra voted for a reduction, suggesting a more gradual approach to interest rate cuts compared to recent moves by the US Federal Reserve as

People’s Bank of China holds key interest rates steady

Bank of England holds rates steady at 5%

BoE governor Andrew Bailey emphasises gradual approach

Bank of England Holds Interest Rate at 5 Percent

The Bank of England (BoE) has left UK interest rates unchanged at 5 percent, maintaining its restrictive monetary policy position. The BoE is cautious about slashing the interest rates “too fast or by too much.” The bank has long stressed that it will keep the monetary policy restrictive for as long as it takes for the inflation to “sustainably” remain at the 2 percent target. The Monetary Policy Committee (MPC) voted 8–1 on Sept. 19 to maintain…

Bank of England freezes rate after jumbo US cut

The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts one day after a bumper reduction from the US Federal Reserve.

Bank of England holds key rate after U.S. Fed makes 1st cut in 4 years

The Bank of England kept its benchmark interest rate on hold at five per cent on Thursday, mere hours after the U.S. Federal Reserve had delivered an oversized rate cut.Read More The post Bank of England holds key rate after U.S. Fed makes 1st cut in 4 years appeared first on Drudge Report.