UK Economy

Interest Rates Steady: Trade Uncertainty Intensifies

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In a move that surprised few but disappointed some hoping for a rate cut, the Bank of England (BoE) today announced it is holding its base interest rate steady at 5%. This decision, coming amidst a backdrop of persistent inflation and growing global economic uncertainty, underscores the delicate balancing act the central bank faces in … Read more

How Will the Bank of England’s Pause Impact You?

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The Bank of England (BoE) has hinted at a potential pause in its cycle of interest rate cuts, signaling a shift in monetary policy amidst growing economic uncertainty. This cautious approach reflects a complex interplay of factors, including stubbornly high inflation, a weakening pound, and concerns about the global economic outlook. The decision marks a … Read more