UK, Japan and China leave rates unchanged after jumbo U.S. cut

UK, Japan and China leave rates unchanged after jumbo U.S. cut
UK, Japan and China leave rates unchanged after jumbo U.S. cut

Bank of England holds UK interest rate at 5%

Interest rates are “now gradually on the path down”, the Bank of England governor reportedly said after borrowing costs were held at 5%.

He later reportedly remarked that inflation had “come down a long way” but warned the Bank would need to see more evidence that it will remain low before cutting rates further.

UK inflation is at 2.2%

Bank of Japan holds rate steady at around 0.25%

The Bank of Japan has maintained its benchmark interest rate at approximately 0.25%, marking the highest rate since 2008, following a two-day meeting.

The People’s Bank of China (PBOC) holds rates at 3.35%

The People’s Bank of China (PBOC) unexpectedly held the one-year loan prime rate (LPR) at 3.35%, as well as the five-year LPR at 3.85%.

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