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.
The Bank of England has given Chancellor of the Exchequer Rachel Reeves a £4 billion ($5.3 billion) lifeline to help ease ...
11hon MSN
The chancellor was handed more room for manoevre as a result of a Bank of England decision to slow the pace of its ...
In "Money and Promises," Paolo Zannoni, the historian, banker and executive deputy chairman of Prada, tells the tale of ...
Given uncertainty over the likely performance of the US economy and the Fed’s response, Mann suggested that the Bank needed ...
The blue-chip Dow was on pace to ink a milestone, a day after the Federal Reserve cut interest rates in a big way. The Dow Jones Industrial Average was up 1.3%, at last check, trading near 42,030.
Investor expectations had largely shifted towards a dovish outcome in the days leading up to the Fed's move on Wednesday, ...
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