Bank governor says ‘things moving in the right direction’ amid criticism for leaving rates on hold – as it happened
by Graeme Wearden from Economics | The Guardian on (#6KGRM)
UK central bank faces criticism for keeping Bank Rate at 5.25% after a shock rate cut in Switzerland and a hike in Turkey today
- Full story: Bank of England keeps interest rates on hold at 5.25%
- The Guardian view: it's time to start cutting rates
The Swiss franc has tumbled against the US dollar following Switzerland's surprise interest rate cut:
Here's more early reaction:
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