Bank of England Live: Bailey refuses to confirm if Budget influenced rates decision Markets Welcome back to the Morning Wire liveblog. Andrew Bailey has refused to confirm whether the upcoming Budget and Rachel Reeves’ recent comments influenced his decision on interest rates. The Bank of England has held interest rates at four per cent in its final decision before the Autumn Budget. The Bank’s Monetary Policy Committee (MPC) voted [...]
US Fed’s preferred inflation metric set to validate jumbo rate cut Economics Crucial US inflation data is poised to back up the Federal Reserve's jumbo interest rate cut as investors question where other central banks will follow in its footsteps.