The Bank of England left the cost of borrowing unchanged at 5% on Thursday, as widely expected, but hinted at further cuts to come.

The Bank of England is poised to keep interest rates at 5% after sending a "clear message" that it would not move too quickly to cut borrowing costs.

The Bank of England kept its main interest rate unchanged at 5% Thursday despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago.

Most economists think that rate-setters on the Monetary Policy Committee will keep the UK interest rate on hold on Thursday.

UK interest rates have been left unchanged at 5% by the Bank of England.

The Bank of England has maintained its interest rate at 5%, contrasting with the US Federal Reserve’s rate cut to 4.8%. Inflation concerns in the UK, particularly in the services sector, have driven this cautious approach.

The Bank's Monetary Policy Committee held its latest meeting on Thursday morning

The Bank of England is widely expected to keep interest rates unchanged later Thursday despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago.

Economists are betting on rates being held in September with a cut to come in November instead.

The base rate was cut for the first time since 2020 last month

Sept. 19 (UPI) -- The Bank of England on Thursday held interest rates steady, saying it most work to reach its goal of 2% inflation in a sustainable way.

Norway's central bank kept interest rates unchanged at a 16-year high of 4.5% on Thursday but said it intends to launch a rate cutting programme during the first quarter of 2025.

European markets closed higher Thursday as investors digested the latest monetary policy decisions from the U.S. Federal Reserve and the Bank of England.

In an effort to give the public a better understanding of how it makes its policy rate decisions, the Bank of Canada is giving an inside look into the process. In a speech before the Sherbrooke Chamber of Commerce on Thursday, Bank of Canada deputy governor Nicolas Vincent laid out the steps the central bank goes through before reaching a decision. “We are fully conscious of the responsibilities the bank has toward all Canadians,” Vincent said. “To maintain the public’s trust, we must be rigorous, professional, humble, honest and transparent.” Here’s a breakdown of the process, according to Vincent’s speech.

TAIPEI : Taiwan's central bank kept its policy rate unchanged as expected on Thursday, over lingering inflation concerns.The central bank left the benchmark discount rate at 2 per cent.In a Reuters poll, all 32 economists surveyed predicted the central bank would hold the rate steady.

Andrew Bailey, the governor of the BoE, has spelt out the future expectations on rates

TAIPEI: Taiwan's central bank held its policy interest rate unchanged while raising its growth estimate for the year on Thursday (Sep 19), asserting the need for vigilant monetary policy even as inflation gradually eases but remains a lingering concern. The central bank left the benchmark discount rate at

EUR/GBP is trading lower in the 0.8390s on Thursday, as it extends its breakdown from the shallow channel it had been edging higher within since the end of August.

After a close call in August, the Bank of England’s (BoE) September interest rate decision is keenly awaited for fresh cues on the bank’s future policy action and the pace of its bond sales.