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Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut

The Bank of England kept its main interest rate unchanged at 5% Thursday despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago.

Hosted on MSN · 1d

Bank of England governor ‘optimistic’ that interest rates can be cut, after ‘no change’ decision today – as it happened

Cautious Bank of England governor says “we need to be careful not to cut too fast or by too much”, after leaving borrowing costs unchanged in 8-1 vote

The New York Times · 1d

Bank of England Holds Rates Steady but Signals Gradual Easing

The British central bank has emphasized its intention to move steadily to ensure that inflation continues to slow.

Bank of England Moves Add Up to £4 Billion Lifeline for Reeves

The Bank of England has given Chancellor of the Exchequer Rachel Reeves a £4 billion ($5.3 billion) lifeline to help ease ...

MarketWatch1d

Bank of England decision: Key interest rate expected to stay at 5%

The Bank of England is not expected to follow its U.S and eurozone peers by cutting interest rates in September. The U.K. central bank will make its policy announcement at 12 noon in London, ...

American Banker20hOpinion

How the alchemy of banking helped create the modern state

In "Money and Promises," Paolo Zannoni, the historian, banker and executive deputy chairman of Prada, tells the tale of ...

23h

Rachel Reeves under pressure to axe winter fuel cut after £10billion Bank of England windfall

The chancellor was handed more room for manoevre as a result of a Bank of England decision to slow the pace of its ...

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