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

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…

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.

Why have interest rates not changed and what has it got to do with US tariffs?

The PA news agency looks at what the decision means and what the Bank of England expects to happen to the economy.UK interest rates have been kept at 4.5% a ...

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 …

Bank of England announce interest rates to stay at 4.5%

The announcement was expected to hold, with mixed signals from markets

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”