The Bank of England unsurprisingly raised its policy rate by 25 bps at its May meeting, but the Bank’s messaging distinguished it from the Fed’s and the ECB’s decisions last week.
Bank of England Keeps Rates on HoldJason Douglas
FILE - A man walks past the Bank of England, at the financial district in London, on May 11, 2023. Homeowners across the U.K. are hoping that the Bank of England will decide to avoid raising interest rates for the first time in nearly two years. Following news...
The Bank of England held interest rates as expected and said restrictive monetary policy was taming inflation, but warned a June rate cut was not a done deal.
The Bank of England held interest rates at a 15-year peak as it kept up its fight against the highest inflation among the world's big rich economies, and it stressed that it did not expect to cut them any time soon. Despite publishing forecasts which now show the British economy...
LONDON — The Bank of England is set to hold interest rates steady at its Thursday meeting, with traders expected to pore over the details of Governor Andrew Bailey's statement as anticipation builds for a potential summer rate cut. The BOE's Monetary Policy Committee is widely expected ...
The Bank of England raised its benchmark interest rate for the first time in a decade Thursday, a telegraphed move that represents the latest step by the world's major central banks to withdraw crisis-era stimulus. The BOE lifted its policy rate to 0.5%, from 0.25% previously, a...
Announcing the decision, Bank of England governor Andrew Bailey cautioned that the move would not herald a rapid succession of further cuts. “Inflationary pressures have eased enough that we’ve been able to cut interest rates today,” said Mr Bailey, who was among the policymakers to vote...
The Bank of England has raised interest rates for the 14th successive time, lifting its official rate to 5.25%. The quarter percentage point increase was somewhat smaller than some economists had expected, following the release oflower-than-anticipated inflation datalast month. ...
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