The central bank affirmed that it would keep up its existing efforts to stimulate the economy, even though it expected a return to moderate growth.
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BING NEWS:
- Sterling softens after Bank of England maintains rate; Dollar and Yen outlooks shift
The sterling trimmed its gains against the dollar and fell against the euro after the Bank of England (BOE) decided to keep its bank rate steady at 4.75%. This move was anticipated, but it's worth ...
12/19/2024 - 12:44 am | View Link - Breaking: BoE maintains bank rate at 4.75% as expected
The Bank of England is set to keep the interest rate on hold, hinting at 2025 action.
12/18/2024 - 11:25 pm | View Link - Federal Reserve lowers rates by quarter point; new Cleveland Fed president is sole dissenter
The Federal Open Market Committee voted 11-1 on Wednesday, Dec. 18, to cut the federal funds rate to a range of 4.25%-4.5%. Cleveland Fed President Beth Hammack voted against the action, preferring to ...
12/18/2024 - 5:26 am | View Link - JPMorgan Head warns Trump tariffs could reawaken 1970 stagflation; Here’s why
Jamie Dimon and economists warn of stagflation risks as Trump’s tariff plans and policies could disrupt growth and spark inflation.
12/17/2024 - 7:47 pm | View Link - FxWirePro: USD/CNY maintains bullish bias with focus on 7.350
USD/CNY steadied on Wednesday as investors focused on the outcome of the U.S. Federal Reserves last policy meeting of 2024. The U.S. central bank is expected to lower interest rates by a quarter ...
12/17/2024 - 7:34 pm | View Link - More
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