BoE Keeps Benchmark Rate Stable at 4.5%

THE BANK OF ENGLAND held interest rates at 4.5% and warned against assumptions that they would be cut over its next few meetings as it grappled with deep uncertainty hanging over the British and world economies.

- REUTERS

Noting the escalation of global trade tensions kicked off by the United States under President Donald Trump, the Monetary Policy Committee voted 8-1 to keep rates on hold, with only external member Swati Dhingra voting for a quarter-point cut.