Bank of England cuts interest rate by 25 bps amid global trade uncertainty
Thursday, 8 May 2025 () The Bank of England has reduced interest rates to 4.25 percent. This decision follows worries about a global economic slowdown. The slowdown is due to trade policies. These policies are from the Trump administration. A US-UK trade deal is expected. Economists think the rate cut will protect against external demand shocks. Other central banks are also shifting policies.
The Bank of England has cut interest rates from 4.5% to 4.25%. Shadow chancellor Mel Stride reacted to the news, claiming Labour's policies have prevented higher cuts to interest rates. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at...
UK suspends trade talks with Israel and sanctions West Bank settlers
UK Foreign Secretary David Lammy announced on Tuesday the suspension of free trade negotiations with Israel and new sanctions on..
Credit: euronews (in English) Duration: 01:35Published
Donald Trump has claimed that India is ready to eliminate 100% tariffs on US goods, calling it a major breakthrough. However, India’s external affairs minister S. Jaishankar countered, saying trade..
Xi Jinping warns that “bullying” and “hegemonism” in global trade will backfire, criticizing U.S. trade policies. Speaking at a Latin American summit in Beijing, Xi emphasized that no one wins..
The Reserve Bank of Australia (RBA) has cut the cash rate to 3.85%, marking the second reduction this year amid declining inflation, now within the 2-3% target.... IndiaTimes
Thursday, 8 May 2025 ()
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