Business · 1 hour ago
FTSE 100 rises after the Bank of England keeps interest rates at 3.75%
Bank policymakers voted six to three for Thursday's freeze, but Governor Andrew Bailey warned that Middle East conflicts might force them to raise borrowing costs later. They also froze standard government debt sales for the next six months and completely stopped offloading longer-term UK bonds. Despite this hold, traders still expect rates to go up by at least a quarter-point before the year ends.
Reported by Reuters · How we write briefs