The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker and debt manager, and still one of the bankers for the government of the United Kingdom, it is the world's second oldest central bank.
The Bank of England has kept interest rates on hold at 4.5%, warning that US President Donald Trump's trade war has intensified..
Bank of England expected to pause rate cuts despite contracting output
Policymakers find themselves in a tight spot..
The Bank of England has cut interest rates to 4.5%, down from 4.75%. That means the interest rate is at its lowest level since June..
