Bank of England Holds Key Rate at 5.00%, in Line With Expectations
Article is form Jinse
September 19, 2024
This article is translated by ChatGPT Show original
Gold Finance reported that the Bank of England kept its benchmark interest rate at 5.00%, in line with market expectations, after lowering it by 25 basis points in August. The bank stated that most members of the Monetary Policy Committee believe that a gradual reduction in interest rates is reasonable.
Bank of England Governor Bailey said that caution is needed and that interest rates should not be lowered too quickly or too much.
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