Bank of England holds interest rates at 4% and slows scheme to sell stock of UK bonds
NeutralFinancial Markets

The Bank of England has decided to maintain interest rates at 4% and will slow down its quantitative tightening program. This move aims to stabilize the government bond markets and potentially lower borrowing costs for the Treasury. By keeping rates steady after several cuts, the central bank is trying to reduce market jitters, which is crucial for economic stability. This decision reflects a cautious approach to managing the economy amidst ongoing uncertainties.
— Curated by the World Pulse Now AI Editorial System