BBCNEWS World July 6, 2024
the global monetary pivot — that was what some commentators were declaring on wednesday, after the us federal reserve said it had probably finished raising interest rates, and signalled it was planning to start cutting them next year. but clearly, neither the european central bank nor the bank of england got the memo. they left their rates on hold and said it was too early to talk about cutting them. in fact, here in the uk, three members of the bank of england monetary policy committee actually voted to raise the interest rate above its current level of 5.25%. the bank is worried ...
Source: archive.org
