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UK bond yields and sterling dip after BoE holds rates steady
In a move consistent with expectations, the Bank of England has kept interest rates steady at 3.75 percent. They noted domestic conditions are helping to alleviate inflationary pressures. Following this update, there were minor decreases in UK bond yields and the pound. Inflation is anticipated to climb to 3.2 percent later this year while the FTSE 100 stock index saw an uptick on Thursday.
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economictimes.indiatimes.com
Global Market: Bank of England expected to hold rates steady as inflation risks stay in focus
The Bank of England is expected to hold its benchmark interest rate at 3.75% as policymakers assess inflation risks from geopolitical tensions, energy prices and a slowing labour…
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apnews.com
Bank of England keeps key rate at 3.75% for the fifth time this year
The Bank of England kept its key interest rate on hold for the fifth time this year after a bigger-than-expected drop in the inflation rate last month gave policymakers breathing…
