Bank of England holds rates in ‘finely balanced’ decision; traders up bets on August cut
It keeps the central bank’s key rate at a 16-year high of 5.25%, where it has been held since August 2023.
The personal consumption expenditures price index was expected to increase 0.1% in August and 2.3% from a year ago.
It was the first major Western central bank to reduce interest rates back in March.
The Conference Board's consumer confidence index slid to 98.7, down from 105.6 in August, the biggest one-month decline since August...
U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, saying her budget proposals will...
Asset prices soared as investors took Powell at his word that the outsized rate cut wasn't in response to a...
The decision to hold comes after the U.S. Federal Reserve kicked off its own monetary easing with an aggressive 50...