The Bank of England decided on Thursday to maintain its benchmark rate and continue with trimming its government debt holdings, as well as adopted a cautious approach despite the US Federal Reserve slashing the policy rate by a half percentage points a day earlier.
The BoE Monetary Policy Committee, headed by Governor Andrew Bailey, voted by a majority of 8-1 to hold the Bank Rate at 5.00 percent. The decision was in line with expectations as markets expected a cut only next month.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.