Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
BusinessFILE - The Bank of England is pictured in London, on Aug. 1, 2024. (AP Photo/Alberto Pezzali, File) (Alberto Pezzali, Copyright 2024 The Associated Press. All rights reserved)LONDON – The Bank of England kept its main interest rate unchanged at 5% Thursday despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago.The decision was widely expected amid ongoing concerns about inflation within the bank’s monetary policy committee, […]