Bank of England Holds Back on Big Rate Cuts as Inflation and Global Risks Loom

Bank of England Holds Back on Big Rate Cuts as Inflation and Global Risks Loom

The Bank of England is sticking to a cautious approach on cutting interest rates, facing stubborn inflation and global uncertainty. Despite small reductions, policymakers are prioritizing stability as global trade tensions and volatile energy prices make for a tricky economic landscape in 2025.