09-08-2025
Charting the Global Economy: A Split Bank of England Cuts Rates
The Bank of England reduced interest rates to a more than two-year low in a closer-than-expected decision that leaves investors with what Governor Andrew Bailey called 'genuine uncertainty' on its next move.
In the US, the services sector effectively stagnated last month as sluggish demand and higher input costs prompted companies to reduce employment — the latest evidence of a slowing economy.
