Interest rates held but Bank says economy doing worse

The Bank considered a rate cut as it thinks the economy has performed worse than it expected.

Topics

Bank of England holds interest rates at 4.75%

Central bank downgrades growth prospects but also highlights risk of persistent inflation
Financial Times - 14m
Bank of England warns of 'heightened uncertainty' as it keeps interest rates on hold

The U.K.’s central bank has warned about “heightened uncertainty” as it kept interest rates on hold after inflation moved further above target even at a time when the British economy is flatlining ...
ABC News - 1h
Bank of England holds interest rate at 4.75% but warns of UK stagnation risk

Central bank downgrades growth forecast amid threat from budget fallout, rising inflation and Trump trade tariffs. • Business live – latest updates . The Bank of England has kept UK interest ...
The Guardian - 2h
Jerome Powell on U.S. economy after Federal Reserve interest rate cut decision

The Federal Reserve's Jerome Powell weighed in on the state of the U.S. economy after announcing another cut to the interest rate. CBS News business analyst Jill Schlesinger has more on what's ...
CBS News - 18h
ECB Cuts Interest Rates as the Economy Weakens

The bank has been lowering rates since June as inflation slowed, but other risks are growing, including the threat of higher tariffs promised by President-elect Donald J. Trump.
The New York Times - 6d
Swiss National Bank takes leap with 50-basis-point interest rate cut amid franc strength

The Swiss National Bank on Thursday cut its key interest rate by 50 basis points, exceeding expectations of a smaller trim.
CNBC - Dec. 12
Are negative interest rates about to make a comeback? One banker says it’s possible

The age of negative interest rates might not be over.
MarketWatch - Dec. 12
India's central bank revises down economic growth forecast for 2025, keeps interest rate steady

The Reserve Bank of India has held interest rate steady since February last year, while a sharper-than-anticipated slowdown in India's growth has made RBI's task tougher.
CNBC - Dec. 6
Central banks should tread cautiously with rate cuts, says OECD

Core price pressures and services inflation should make rate-setters wary of cutting too fast, report concludes
Financial Times - Dec. 4