-
Bank of England keeps rates on hold at 3.75% as Iran war shakes outlook
The Bank of England voted to keep its key interest rate on hold at 3.75% on Thursday, as widely expected by economists, as the Iran war continues to pose a dilemma for policymakers. The central bank was widely expected to stand pat on rates as it waits to see how the energy price crunch caused by the Iran war, and a concurrent reignition of inflationary pressures in the U.K., manifest themselves in the economy. The bank’s Monetary Policy Committee voted in an 8-1 split to maintain the benchmark rate, known as “Bank Rate”, at 3.75%, with known hawk BOE Chief Economist Huw Pill the only dissenter voting for a 25 ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
BoE Gov. Bailey: It would be a mistake to wait for second round effects before acting, that would be too late. BoE’s Bailey: Won't Put Numbers Of What 'Forceful' Looks Like - It Would Be A Mistake To Wait For Second Round Effects Before Acting, That Would Be Too Late - I Think Energy Price Profile Of Scenario B Is More Plausible Than Scenario A MORE BOE'S BAILEY: TODAY'S HOLD IS AN 'ACTIVE HOLD'; IT'S NOT A 'WAIT AND SEE HOLD' #ukeconomy #bankofengland #boe #mpc #monetarypolicy #interestrates #inflation
BoE Gov. Bailey: Pill’s dissent is perfectly understandable. BoE Gov. Bailey: There are really bad scenarios in the Iran conflict. BoE Gov. Bailey: We will take a while to get a read on wage settlements.
Bob Iaccino discusses the recent performance of Gold futures, which posted their first higher high in eight sessions despite failing at key resistance levels. The segment explores how the U.S. Fed, Bank of England, and ECB are holding interest rates steady, citing the Iran conflict as a significant driver of energy cost pressures. Iaccino breaks down the ...
