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Bank of England holds interest rates at 3.75% amid Iran war peace prospects
The Bank of England held U.K. interest rates at 3.75% on Thursday, as policymakers continue to balance the need to address above-target inflation with lackluster economic output. The hold, which was in-line with the expectations of economists polled by Reuters, was backed by seven of the nine monetary policy committee members in the BOE’s May meeting. BoE chief economist Huw Pill and Megan Greene, an external member of the rates-setting Monetary Policy Committee, were the two dissenting voices. Pill and Greene both cast votes to hike the BOE’s “base rate” by 25 basis points to 4%. The decision comes as higher ... (full story)
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From @financialjuice|3 hr ago|6 commentsIran's Supreme National Security Council: Based on the MOU with the US, no fees will be charged to ships transiting the Strait of Hormuz for 60 days - State Media. Iran's Supreme National Security Council: The Persian Gulf Strait Authority has been charged with issuing permits as fast as possible.
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From @realDonaldTrump|4 hr ago|6 comments
The United States is committed to PEACE, and we encourage everyone in the Middle East Region to maintain their commitment to allowing our negotiations to beautifully unfold. The Markets are loving what is happening with Oil Prices way down, and Stocks way up. We expect a complete Ceasefire on all fronts, including Lebanon, Hezbollah, and Israel. Thank you for your attention to this matter! President DONALD J. TRUMP
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