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.
Fed obliged to consider spillovers when adjusting monetary policy
As recent data show that inflation in the US has fallen below 3 percent, close to the 2 percent target the Fed had set, expectations of a Fed rate cut had been growing. The slowed economic growth and the rise of the unemployment rate to 4.2 percent from 3.4 percent in early 2023 could be other reasons for the latest rate cut.
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The Bank of England held interest rates at 5.0% on Thursday and voted to run down its stock of British government bonds by ...
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Turkey sticks with 50% policy rate for sixth straight monthBy Akin Nazli in Belgrade The monetary policy committee (MPC) of Turkey’s central bank on September 19 kept its policy rate ...
The Central Bank of Brazil (BCB) has raised its policy rate by 25 basis points in a unanimous decision. Hours after the US ...
Turkey’s central bank will probably keep its main interest rate unchanged for a sixth straight month, as a lack of ...
The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to cut the repo rate by 25 basis points, ...
WASHINGTON -- Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: ...
The Bank of England warned investors it won’t rush to ease policy, as it held fire on another cut in borrowing costs and ...
The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective. In assessing the appropriate stance of monetary policy, the Committee ...
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