Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
On Wednesday, the Fed became the latest major central bank to reduce borrowing costs, cutting its main interest by half of a percentage point to roughly 4.8% from a two-decade high of 5.3%, where it had stood for 14 months. It also signaled that there will be more cuts to come in the next few months.
Bank of England policymaker Catherine Mann said she would prefer to keep rates higher for longer and then cut more ...
This means that in the upcoming meetings, the Bank of England will continue to take a pause in the cutting cycle from time to time.” “This cautious approach, which is also appropriate given the ...
Intellinews on MSN15h
Turkey sticks with 50% policy rate for sixth straight monthBy Akin Nazli in Belgrade The monetary policy committee (MPC) of Turkey’s central bank on September 19 kept its policy rate ...
WASHINGTON -- Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: ...
Analysts Expect Cuts Before Christmas The Bank of England held its main interest rate at 5% today despite a 0.5% percentage point cut by t ...
The Fed is about to cut the Fed Funds Rate by 25 basis points while maintaining Quantitative Tightening for the first time ...
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further ...
The Central Bank of Brazil (BCB) has raised its policy rate by 25 basis points in a unanimous decision. Hours after the US ...
As recent data show that inflation in the US has fallen below 3 percent, close to the 2 percent target the Fed had set, ...
The Bank of England warned investors it won’t rush to ease policy, as it held fire on another cut in borrowing costs and ...
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