Bank of England cuts interest rates to 4.25% and welcomes US-UK trade deal – business live
Bank policymakers split 5-2-2 over this month’s interest rate decision
- UK interest rate cut: what does it mean for mortgages and savings?
- Federal Reserve warns of inflation and jobs risks amid Trump’s erratic trade strategy
- Trump expected to announce framework of UK trade agreement, sources say
Sweden’s central bank has left interest rates on hold this morning, despite concerns about the economic outlook.
Sveriges Riksbank has maintained its policy rate at 2.25% today, with policymakers concerned that Donald Trump’s new US trade policy has increased uncertainty in the global economy.
The increased uncertainty abroad implies that the economic outlook appears to be slightly weaker than in the March forecast. The impact on inflation is more difficult to assess.
The Executive Board considers that monetary policy is currently well-balanced and that it is wise to await further information to obtain a clearer picture of the outlook. Continue reading...
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