Next UK interest rate cut may not come until August after hawkish Bank of England hold – business live
Monetary Policy Committee votes 8-1 to leave UK interest rates unchanged at 4.5%
In the property world, Norway’s sovereign wealth fund is buying a quarter of Covent Garden.
The Norges Bank Investment Management has entered a partnership with landlord Shaftesbury, and will pay £570m for a 25% stake in the Covent Garden estate.
This investment underscores our belief in the strength of London with the portfolio complementing our other high quality West End investments.
Covent Garden is one of the world’s most recognised retail, leisure and cultural destinations and we look forward to supporting Shaftesbury Capital’s management team, with their strong track record of delivering the growth potential of this prime West End estate.”
“The reforms I have announced will ensure everyone who can work gets the active support they need, including through an extra £1 billion for personalised health, skills and employment support for sick and disabled people.
“We’ve already put in place measures to make work pay and improve job security - including through the National Minimum Wage increase and our Employment Rights Bill. Since the election, we’ve also seen year on year wages after inflation growing at their fastest rate in three years – worth an extra £1,000 a year on average in the pockets of working people.
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UK wage growth holds steady at 5.9%
Figures come as Bank of England is expected to hold interest rates on ThursdayFinancial Times - 18h -
Bank of England holds interest rates, warns global trade uncertainty has intensified
The Bank of England on Thursday announced its latest interest rate decision, warning of increased global uncertainty.CNBC - 14h -
Bank of England expected to keep rates on hold amid headwinds it can't fully predict or control
The Bank of England is widely expected to hold interest rates when it meets on Thursday, as the U.K. faces economic headwinds both at home and abroad.CNBC - 1d -
Bank of England keeps rates on hold at 4.5%
Rate-setters are grappling with combination of a sluggish economy and continuing price pressuresFinancial Times - 11h -
The world’s lowest interest rate no longer belongs to Japan
The world’s lowest interest rate is longer Japan but Switzerland after the Swiss National Bank cut rates by a quarter-point.MarketWatch - 15h -
Federal Reserve keeps interest rates steady as economic uncertainty rises
The Federal Reserve is holding interest rates steady as it weighs the impact of Trump’s tariffs and federal workforce cuts on inflation and the economy. The central bank warned that economic ...NBC News - 1d -
Federal Reserve holds interest rates steady, citing higher economic uncertainty
The Federal Reserve said Wednesday it was leaving interest rates unchanged, signaling it wanted further clarity on the direction of the economy before changing borrowing costs for businesses and ...NBC News - 1d -
Watch live: Powell speaks as Fed expected to keep interest rates steady
Federal Reserve Chair Jerome Powell will hold a press conference Wednesday afternoon to discuss the Fed's latest decision on interest rates. The Fed is expected to keep interest rates steady amid ...The Hill - 1d -
Interest rates will go down gradually, says Bank
Borrowing costs had been widely expected to be left unchanged with inflation, predicted to go up in the coming months.BBC News - 10h
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