Bank of England Cuts Interest Rates for First Time Since 2020
Central bank policymakers lowered rates to 5 percent amid lower inflation in Britain, but they warned that future rate cuts would come slowly.
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Trump Promises Lower Interest Rates, but the President Doesn’t Control Those
The Federal Reserve sets interest rates, and it operates independently of the White House. But rates could come down as inflation cools.
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Politics Makes the Fed’s Job Trickier, but Doesn’t Drive Its Decisions
Central bankers are independent of the White House as they set interest rates. But the political cycle can put them under unwanted limelight.
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Bank of Japan Raises Interest Rates for Second Time Since 2007
The closely watched move by the Bank of Japan could bolster the country’s beleaguered currency.