Bank of England freezes rate after jumbo US cut …C0NTINUE READING HERE >>>
Bank of England policymakers voted 8-1 for no rate change, having narrowly backed an August cut.
Photo: Ben Stansall / AFP/File
Source: AFP
The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts one day after a bumper reduction from the US Federal Reserve.
Following a regular meeting BoE governor Andrew Bailey said the central bank needed “to be careful not to cut too fast or by too much”, as UK inflation stays above its target.
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