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Bank of England Cuts Rate to 5.0% In "Finely Balanced" 5-4 Vote, Offers No Signals On Next Moves
Bank of England Cuts Rate to 5.0% In "Finely Balanced" 5-4 Vote, Offers No Signals On Next Moves The global easing train is now well and truly on its way. While the Fed got close to cutting rates yesterday, but instead punted to September, moments ago it was the Bank of England that joined the SNB and ECB and became the latest western central bank to begin an easing cycle when it cut interest rates by 0.25%, taking them down to 5.00%, its first rate cut since the global covid crash
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