Bank of England leaves interest rates unchanged at 4.5%
The Bank of England has left interest rates unchanged in light of the escalation of global trade tensions resulting from the US-initiated tariff war. The central bank’s monetary policy committee voted 8-1 to keep rates on hold. Since its February meeting, there has been a further rise in geopolitical and global trade policy uncertainty, and this elevated uncertainty is likely to persist.
The Bank of England has left interest rates unchanged in light of the escalation of global trade tensions resulting from the US-initiated tariff war.
The central bank’s monetary policy committee voted 8-1 to keep rates on hold.
Since its February meeting, there has been a further rise in geopolitical and global trade policy uncertainty, and this elevated uncertainty is likely to persist.
