Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
ECB Expected to Hold Rates as Middle East Tensions Keep September Hike in Focus 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Gold Slips Below $4050 as Bond Yields Surge to 4.7% on Fed Inflation Concerns – Sell Rallies at $4060 Targeting $3940 
Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 
3 clinical-grade skincare creams you really shouldn’t buy online 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Ukraine’s drone strikes are having an impact on Russia — but Russian leaders remain committed to war 
The Bank of England's Monetary Policy Committee (MPC) revealed a 25-basis-point (0.25%) reduction in the Bank Rate today, moving it down from 4.25% to 4.00%. This is the fifth straight rate drop since August 2024, indicating the central bank's ongoing attempts to relax monetary policy. With the MPC vote split 0-5-4, which shows conflicting viewpoints among members, the decision was not unanimous. No members voted to keep the existing rate; five backed the 0.25% cut; and four demanded a more drastic decrease.
The MPC reaffirmed its dedication to a "gradual and careful" approach to monetary easing. This approach is being followed under ongoing inflation pressures, with inflation above the 2% target and early indications of an economic slowdown. Updated inflation projections, a thorough analysis of the present economic scene, and forward advice on next policy actions were all included in the Monetary Policy Review.
Further information about the voting split and the Bank's opinion on future policy came out during the following press conference. Reflecting a sophisticated reaction to a difficult economic scene, this multi-pronged strategy emphasizes the Bank of England's balancing act between managing inflation risks and encouraging economic expansion.
