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Bank of England leaves interest rates unchanged for a fifth consecutive meeting
Bank of England leaves interest rates unchanged for a fifth consecutive meeting
The Bank of England announced on Thursday that it had left its benchmark interest rate unchanged at 3.75% at the conclusion of its July 30 monetary policy meeting. The decision was in line with market expectations and marked the fifth consecutive meeting in which policymakers kept borrowing costs unchanged. The rate remains at its lowest level since December 2022.
Economic Outlook
• Surprise factor: None
• Assessment: Neutral for the British pound
• Market impact: Low
• Immediate market reaction: Negative
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