Bank of England holds rates, warns against premature cut expectations

The Bank of England held interest rates at 4.5 per cent and warned against assumptions that they would be cut over its next few meetings as it grappled with deep uncertainty hanging over the British and world economies.

Noting the escalation of global trade tensions kicked off by the United States under President Donald Trump, the Monetary Policy Committee voted 8-1 to keep rates on hold, with only external member