Bank of England maintains 5.25% lending rate, while global central banks reassess easing plans amid inflation and growth.
The Bank of England (BOE) kept its benchmark lending rate at 5.25% in its recent meeting, with a "finely balanced" decision for some Monetary Policy Committee members. Investors have priced in a 50% chance of a rate cut in August. The Swiss National Bank lowered borrowing costs at its second consecutive meeting. Central banks worldwide are recalibrating plans for easing monetary policies due to persistent inflation and sustained economic growth.
June 22, 2024
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