The Bank of England maintained its benchmark rate on Thursday, amid intensifying uncertainty over global trade policy.
The nine-member committee voted 8-1 to maintain the Bank Rate at 4.5 percent. Swati Dhingra sought a quarter point reduction.
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Business News
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.