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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,
Bank of England Holds Off on Rate Cut After Fed Goes Big
The U.K. central bank left its key interest rate unchanged, taking a more cautious approach than the Federal Reserve.
2d
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 ...
2d
on MSN
Bank of England governor ‘optimistic’ that interest rates can be cut, after ‘no change’ decision today – as it happened
Bank of England governor says “we need to be careful not to cut too fast or by too much”, after leaving borrowing costs ...
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American Banker
1d
Opinion
How the alchemy of banking helped create the modern state
In "Money and Promises," Paolo Zannoni, the historian, banker and executive deputy chairman of Prada, tells the tale of ...
1d
Rachel Reeves under pressure to axe winter fuel cut after £10billion Bank of England windfall
The chancellor was handed more room for manoevre as a result of a Bank of England decision to slow the pace of its ...
1d
Global equity funds draw big inflows ahead of Fed rate cut
Global investors scooped up equity funds in the week to Sept. 18, anticipating the Federal Reserve's interest rate cut to ...
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