Today's rate decision was the most uncertain in years, with investors torn in the run-up to the decision about whether the Fed would cut rates by 25 or 50 basis points.
Full Article
The Bank's decision comes after the Fed reduced interest rates by 50 basis points last night, the first cut since the pandemic.
The Federal Reserve has cut its key lending rate by 0.5 percentage points - a larger cut than expected.
As widely anticipated, the Federal Reserve announced a rate cut on Wednesday at the close of its meeting in a move that represents..