Business
Some Worried As Liz Truss Wants To Review The Bank of England’s Mandate
August 31, 2022
December 19, 2024
The Federal Reserve has announced a quarter-point interest rate cut, setting a new target range of 4.25% to 4.5%, while signaling a slower pace for future reductions.
In contrast, the Bank of England is expected to maintain its current rate policy as it navigates economic uncertainties.
Unlike the Fed, the Bank of England is unlikely to cut rates, opting instead to focus on stabilsing inflation and navigating challenges such as wage growth, high living costs, and global economic volatility.
Source: Sky news
