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Bank of England freezes rate
Pound reaches 30-month high after Bank of England pauses while Fed slashes rates
The U.K. pound is up 0.7% to $1.3307, its highest level against the U.S. dollar since March 2022, as traders react to news that the Bank of England left its main bank rate unchanged at 5%.
Bank of England presses pause on rate cuts, highlights 'gradual approach'
The Bank of England on Thursday said it would hold interest rates steady following its initial cut in August, even after the U.S. Federal Reserve opted for a jumbo rate cut the day before.The Monetary Policy Committee voted by 8 to 1 to hold,
LIVE
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
10h
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 ...
1d
UK inflation holds at 2.2% but services prices keep BoE on alert
British inflation held steady in August but sped up in the services sector which is closely watched by the Bank of England, ...
1d
on MSN
UK inflation unchanged at 2.2% in August as air fares rise but petrol prices fall – business live
Rolling coverage of the latest economic and financial news, including the latest data on the UK cost of living ...
1d
on MSN
UK inflation comes in at 2.2% for August, matching expectations
U.K. inflation came in at 2.2% for the month of August, data from the Office for National Statistics showed Wednesday. The ...
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interest rates
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Federal Reserve System
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