Why the Bank of England Didn't Follow the Fed in Raising Interest Rates
Dow Jones09-17 19:01
The Bank of England kept its key interest rate unchanged Thursday, holding steady at a time when the Federal Reserve and European Central Bank have raised rates, though it left open the possibility of future rises as energy prices continue to drive inflation.
The BOE kept its policy rate at 3.75%. While energy prices have pushed inflation higher, most policymakers saw few signs so far that higher energy costs are spilling over into everyday prices. The recent pickup in bond yields is further restraining economic activity.
Updates to follow as news develops.
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