Economy
BoE holds interest rates at 4.5%
The bank warned that global trade policy uncertainty has ‘intensified’, with financial market volatility rising globally amid the United States’ tariff announcements
The Bank of England (BoE) has voted to hold interest rates at 4.5%, having cut the rate last month to its lowest level since June 2023.At its meeting ending on 19 March, the bank’s monetary policy committee (MPC) voted by a majority of 8–1 to maintain the rate at 4.5%, with one member preferring to reduce it by 0.25 percentage points, to 4.25%.
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