Luxtious Review: Bank of England Holds Rates at 5.0%, Extends Bond Reduction Plan

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Luxtious Review: Bank of England Holds Rates at 5.0%, Extends Bond Reduction Plan

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243 Views • Sep 19, 2024 • Click to toggle off description

The Bank of England kept interest rates at 5.0%, with a cautious approach to future cuts, while extending its bond reduction plan at the current pace. The Monetary Policy Committee voted 8-1 to hold rates, citing high wage growth and inflation concerns. Investors now expect a slower pace of cuts, with the BoE taking a more measured approach than the U.S. Federal Reserve.

#BankOfEngland #BoE #InterestRates #UKEconomy #Inflation #QuantitativeTightening #MonetaryPolicy #BondReduction #Sterling #EconomicNews #FinanceNews #Luxtious #LuxtiousReview

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RYD date created : 2024-09-20T22:45:26.092742Z
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