Bank of England Holds Rate but Eyes Cuts Ahead Despite Global Risks

Bank of England holds rate but eyes cuts ahead despite global risks

While voting to keep Bank rate at 4.25%, Bank of England policymakers are now keeping tabs on the effects of a weakening labour market as well as global inflation challenges.

Hold Fire: Bank of England Pauses Rate Cuts Amid Jobs Jitters

The Bank of England has left interest rates on hold at 4.25%, though it signalled further cuts in the cost of borrowing later this year after “clearer evidence” of rising unemployment amid a slowing economy.Six members of the Bank’s nine-member monetary policy committee (MPC) voted to keep rates on hold while three supported a reduction to 4%, to add to the four quarter-point cuts since last August.The Bank’s governor, Andrew Bailey, said intere…

Uncertainty expected to continue for global markets as US and UK central banks hold

Bank of England warns of ‘elevated’ global uncertainty after leaving interest rates on hold – Your Capital Minds

The Bank of England has kept its benchmark interest rate at 4.25%, but hinted that a cut could be on the horizon as early as August, amid growing signs of a weakened UK economy and rising global risks. While Governor Andrew Bailey acknowledged that inflation is now on a gradual downward path, he warned that the world remains “highly unpredictable”, with escalating geopolitical tensions—particularly in the Middle East—threatening to derail the UK…

Bank of England warns of ‘elevated’ global uncertainty after leaving interest rates on hold – business live - Business Fast

Bank of England interest rate decisionNewsflash: The Bank of England has left UK interest rates on hold at 4.25%.The decision, which matches City expectations, comes as the Bank weighs up the risks to the UK economy from US trade wars and the conflict in the Middle East, which has pushed oil prices higher in the