1 Day
Source:
The Guardian
US and UK banks to hold rates
The Federal Reserve is expected to keep interest rates on hold amid hopes that the opening of the Strait of Hormuz will ease inflation pressures. The US central bank’s decision will be announced under new chair Kevin Warsh, with investor focus on his guidance regarding inflation and economic outlook. Similarly, the Bank of England is anticipated to maintain rates despite rising UK inflation, as analysts suggest the Middle East peace deal and falling oil prices may prevent further rate hikes.
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