Reported 1 day ago
The Bank of England has decided to keep its main interest rate unchanged at 4.50%, despite a sluggish economy and rising inflation pressures. This move follows a similar decision by the U.S. Federal Reserve and reflects ongoing economic uncertainties, particularly influenced by U.S. tariff policies. Economists suggest that further rate cuts could be forthcoming as the central bank assesses domestic and global economic conditions. Critics point to a lack of positive growth under the current Labour government, which has increased taxes as part of its fiscal policy.
Source: YAHOO