Summary of Bank of England holds interest rates steady after August cut

Summary of Bank of England holds interest rates steady after August cut

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Bank of England holds interest rates steady after August cut


The decision to hold comes after the U.S. Federal Reserve kicked off its own monetary easing with an aggressive 50 basis point rate cut.

https://www.cnbc.com/2024/09/19/bank-of-england-september-rate-meeting.html

The Bank of England has announced that it will hold interest rates steady, despite the US Federal Reserve's decision to cut interest rates. The decision was made after the Monetary Policy Committee voted 8-1 in favor of holding rates steady. The committee is assessing a mixed bag of economic data, including headline inflation and wage growth. The decision has bolstered the British pound and global equity markets.