Bank of England keeps base rate at 4.75%
2024-12-19 12:19:00
Bank of England benchmark interest rate maintain 4.75% in line with marketdesk3cryptocurrencydesktopCrypto News
The Bank of England kept the base rate at 4.75%, in line with market expectations, and cut rates by a total of 50 basis points this year. Analyst Irina said it was a bold move by the Bank of England to stick to its incremental guidance. The bank's rate-setters said monetary policy would need to remain restrictive for long enough until the risk of a sustainable return of inflation to the 2% target in the medium term dissipated further.
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