Reported 2 days ago
The Bank of England maintained steady rates, concluding a significant year of central bank rate cuts following dovish hints from the Federal Reserve. Most major central banks have cut interest rates in response to economic challenges, with the Federal Reserve signaling caution for future cuts amid ongoing inflation concerns. The BoE's status quo sparked a rally in UK government bonds, while other countries like Canada and Switzerland also resorted to sharper easing measures as they navigate sluggish economies.
Source: YAHOO