BoE leaves interest rate unchanged

The Bank of England (BoE) kept its main UK interest rate unchanged at 4.50% on Thursday even though the economy is barely growing and the nation faces more uncertainty in light of the tariff policies being enacted by the Trump administration in the US The decision by the nine-member Monetary Policy Committee was widely expected, and comes a day after the US Federal Reserve also kept interest rates unchanged.

- 

Minutes from the meeting showed that eight members voted to keep policy unchanged, with one backing a quarter-point reduction.

The rate-setting panel has reduced the Bank of England's main rate from a 16-year high of 5.25% by a quarter of a percentage on three occasions since last August, most recently in February, after inflation fell from multi-decade highs of over 10%.