The Bank of England has left interest rates unchanged in light of the escalation of global trade tensions resulting from the US-initiated tariff war.
The central bank’s monetary policy committee voted 8-1 to keep rates on hold.
Since its February meeting, there has been a further rise in geopolitical and global trade policy uncertainty, and this elevated uncertainty is likely to persist.
The central bank’s monetary policy committee voted 8-1 to keep rates on hold.
Since its February meeting, there has been a further rise in geopolitical and global trade policy uncertainty, and this elevated uncertainty is likely to persist.
