Published 17 days ago • loading... • Updated 13 days ago

Bank of England holds interest rates, warns global trade uncertainty has intensified

The Bank of England voted to keep interest rates at 4.5 percent due to increased global trade uncertainty following U.S. Tariffs imposed by President Donald Trump.
Economists predict that the Bank of England might cut rates in August and again in November, potentially bringing the base rate down to 4 percent by year-end.
The Monetary Policy Committee acknowledged that it is not on a 'pre-set path' to lower rates and will assess economic changes at their next meeting.
The decision reflected growing risks to the UK's economic outlook, driven by recent U.S. Tariffs on steel and aluminum imports.

Insights by Ground AI

Does this summary seem wrong?

122 Articles

All

Left

Center

Right

thedailyupside.com

Center

The World’s Big Central Banks Play It Safe With Rate Holds

As Kenny Rogers sang, gamblers have to know when to hold them. So, too, do central banks. Policymakers at the US Federal Reserve, Bank of Japan, Bank of England, People’s Bank of China, and Sweden’s Riksbank held interest rates steady this week as monetary policy found itself in a poker game with global economic uncertainty. Unfortunately, no one has an ace card up their sleeve (although Fed Chair Jerome Powell hinted he has a couple of rate cut…

16 days ago

Read Full Article

France24

Center

France to raise €5bn in new capital for defense sector

French authorities seek to shore up investment in the defense sector, aiming to raise €5bn in new capital. EU officials say they will delay implementing a first set of tariffs on goods from the US. Plus, the Bank of England holds its key interest rate at 4.5%, and warns of global trade uncertainty.

16 days ago·France

Read Full Article

WTVB

Center

TEXT-Bank of England’s Monetary Policy Summary

allowed the MPC to withdraw gradually some degree of policy restraint, while maintaining Bank Rate in restrictive territory so as to continue to squeeze out persistent inflationary pressures. Since the MPC’s previous meeting, global trade policy uncertainty has intensified, and the United States has made a range of tariff announcements, to which some governments have responded. Other geopolitical uncertainties have also increased and indicators …

17 days ago

Read Full Article

The Scotsman

Center

UK interest rates: What the latest decision means for savings and mortgages and when rates will be cut

“Overall, with an array of moving parts the bank judged back-to-back cuts inappropriate, but there were signals that interest rates will be reduced again later this year”

17 days ago·Scotland, United Kingdom

Read Full Article

Australian Financial Review

Lean Right

Bank of England leaves rates unchanged at 4.5pc as inflation stays high

UK inflation remains at 3 per cent, above the bank’s 2 per cent target and is set to push higher in coming months.

17 days ago·Sydney, Australia

Read Full Article

The Epoch Times

Right

UK Interest Rates Held at 4.5 Percent as Bank of England Warns Over US Tariff Uncertainty

The Bank of England has kept UK interest rates at 4.5 percent, as policymakers warned that uncertainty over global trade had intensified following new U.S. tariffs. Eight members of the bank’s nine-person Monetary Policy Committee (MPC) voted to keep rates on hold on Thursday while they assess the impact of economic and political developments around the world. “Since the MPC’s previous meeting, global trade policy uncertainty has intensified, an…

17 days ago·New York, United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year