Bank of England holds interest rates amid market uncertainty
The central bank followed the Federal Reserve in remaining cautious as Trump threatens global tariffs
The central bank followed the Federal Reserve in remaining cautious as Trump threatens global tariffs
The central bank remained cautious as uncertain trade policy risks inflation ‘spiralling’
The BoE will be trying to avoid stagflation as economic growth becomes a top priority for future rate cuts
FTSE rose to a record high this morning on expectations of the 25 basis points cut
The decision to hold interest rates at 4.25-4.5% comes one week after US President Trump demanded a rate cut
Numbers from Lubbock Fine showed holdings dropped from £3.38bn to £3.26bn
Equities could come under pressure
The Monetary Policy Committee voted 8-1 in favour of a 25 basis-point cut to 4.75%
Bonds balloon by £631m while money markets increase £402m
Will tick up to 2.6% in 2025, but fall to 2% by 2029
Managers have upped equity and lowered bond allocations at a record rate, according to the BofA October global fund manager survey
Conditions appear ‘ripe for another rate cut’, according to industry commentators