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Bank of England holds interest rates, warns global trade uncertainty has intensified

The Bank of England decided to maintain the main U.K. Interest rate at 4.50% despite economic challenges, as noted in a statement from the Monetary Policy Committee.
Inflation remains above the Bank's target, currently at 3%, according to the Bank of England's assessment.
Bank Governor Andrew Bailey expressed concerns about economic uncertainty and emphasized the importance of keeping inflation low and stable.
Critics blame Treasury Chief Rachel Reeves for negative economic reports following Labour's return to power, stating her actions increased taxes and affected growth negatively.

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thedailyupside.com

Center

The World’s Big Central Banks Play It Safe With Rate Holds

As Kenny Rogers sang, gamblers have to know when to hold them. So, too, do central banks. Policymakers at the US Federal Reserve, Bank of Japan, Bank of England, People’s Bank of China, and Sweden’s Riksbank held interest rates steady this week as monetary policy found itself in a poker game with global economic uncertainty. Unfortunately, no one has an ace card up their sleeve (although Fed Chair Jerome Powell hinted he has a couple of rate cut…

10 days ago

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France24

Center

France to raise €5bn in new capital for defense sector

French authorities seek to shore up investment in the defense sector, aiming to raise €5bn in new capital. EU officials say they will delay implementing a first set of tariffs on goods from the US. Plus, the Bank of England holds its key interest rate at 4.5%, and warns of global trade uncertainty.

11 days ago·France

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WTVB

Center

TEXT-Bank of England’s Monetary Policy Summary

allowed the MPC to withdraw gradually some degree of policy restraint, while maintaining Bank Rate in restrictive territory so as to continue to squeeze out persistent inflationary pressures. Since the MPC’s previous meeting, global trade policy uncertainty has intensified, and the United States has made a range of tariff announcements, to which some governments have responded. Other geopolitical uncertainties have also increased and indicators …

11 days ago

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The Scotsman

Center

UK interest rates: What the latest decision means for savings and mortgages and when rates will be cut

“Overall, with an array of moving parts the bank judged back-to-back cuts inappropriate, but there were signals that interest rates will be reduced again later this year”

11 days ago·Scotland, United Kingdom

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Australian Financial Review

Lean Right

Bank of England leaves rates unchanged at 4.5pc as inflation stays high

UK inflation remains at 3 per cent, above the bank’s 2 per cent target and is set to push higher in coming months.

11 days ago·Sydney, Australia

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The Epoch Times

Right

UK Interest Rates Held at 4.5 Percent as Bank of England Warns Over US Tariff Uncertainty

The Bank of England has kept UK interest rates at 4.5 percent, as policymakers warned that uncertainty over global trade had intensified following new U.S. tariffs. Eight members of the bank’s nine-person Monetary Policy Committee (MPC) voted to keep rates on hold on Thursday while they assess the impact of economic and political developments around the world. “Since the MPC’s previous meeting, global trade policy uncertainty has intensified, an…

11 days ago·New York, United States

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