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Bank of England maintains interest rate at 4.25% and hints at a possible cut
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The Bank of England decided to maintain the main interest rate at 4.25 percent with a vote of six members in favor of keeping the rate compared to three members who supported lowering the rate, at a time when indicators of weakness in the labor market and a slowdown in wage growth are increasing.
The bank affirmed in its statement issued today, Thursday, that the gradual and cautious approach to reducing monetary constraints remains appropriate at this stage, noting that monetary policy is not on a predetermined path but is subject to continuous assessment of economic data, with inflation and labor market developments at the forefront.
The Bank of England decided to maintain the main interest rate at 4.25 percent with a vote of six members in favor of keeping the rate compared to three members who supported lowering the rate, at a time when indicators of weakness in the labor market and a slowdown in wage growth are increasing.
The bank affirmed in its statement issued today, Thursday, that the gradual and cautious approach to reducing monetary constraints remains appropriate at this stage, noting that monetary policy is not on a predetermined path but is subject to continuous assessment of economic data, with inflation and labor market developments at the forefront.
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Bank of England: Trump's tariffs are expected to slow inflation in Britain!
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Meghan Green, the policy official at the Bank of England, stated that U.S. President Donald Trump's tariffs are likely to lead to a decrease in inflation in Britain rather than an increase. However, there are still significant doubts about the plan and the impact of the recent tax increase in the United Kingdom on employers.
Green added in a discussion with the Atlantic Council think tank on the sidelines of the International Monetary Fund's spring meeting: "We have tariffs, and none of us knows what they will look like when things settle down."
Meghan Green, the policy official at the Bank of England, stated that U.S. President Donald Trump's tariffs are likely to lead to a decrease in inflation in Britain rather than an increase. However, there are still significant doubts about the plan and the impact of the recent tax increase in the United Kingdom on employers.
Green added in a discussion with the Atlantic Council think tank on the sidelines of the International Monetary Fund's spring meeting: "We have tariffs, and none of us knows what they will look like when things settle down."
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