Bank of England holds rates at 3.75% as energy shock divides policymakers
The Bank of England held rates at 3.75% in a divided 6–3 vote, highlighting disagreement over whether higher energy costs could create lasting wage and price pressures.
Global Markets
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Asian Markets Rally as Oil Eases on Hormuz Deal Hopes
Asian stocks surged and oil prices eased on August 5 as investors weighed strong earnings and tentative hopes for a deal to reopen the Strait of Hormuz.
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BOJ minutes show why inflation, yen and energy costs complicate rates
Bank of Japan minutes show a tightening bias, but energy costs, yen weakness and Middle East risks leave the timing of the next rate move uncertain.