Base Rate Stands News Today : Breaking News, Live Updates & Top Stories | Vimarsana

in the us, where the chair of the federal reserve seemed to dash expectations of a rate cut next month. we'll have more on the uk's rate decision in a moment but first michelle fleury has the latest from the united states. for the fourth meeting in a row, the federal reserve did not raise interest rates. this is the longest pause since policymakers began their aggressive rate campaign to tame inflation back in march 2022. but, for rate—weary americans, they'll likely have to wait a few more months to see any relief given these comments by fed chairjerome powell. based on the meetin...

here's where the bank's base rate stands at the moment — at 5.25% it is the highest in 15 years. the bank has raised the cost of borrowing fourteen times to try and tame soaring prices but inflation has eased sharply in recent months and the expectation now is that rates may soon start to come down. however, for those in the uk hoping for cheaper mortgages and loans there was something of a bad omen in the us, where the chair of the federal reserve seemed to dash expectations of a rate cut next month. as michelle fleury reports. the fourth meeting in a row, the federal reserve did ...