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

Business Standard - 19 september 2024

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

The Bank of England has kept its main interest rate unchanged at 5% despite a big cut from the US Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago. The decision Thursday was widely expected amid ongoing concerns …

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