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LONDON STOCKS SLIP AFTER BOE STANDS PAT ON RATES

  • NEWS Desk Global
  • Feb 1, 2024
  • 1 min read



UK stocks fell to a one-week low on Thursday following the Bank of England's (BoE) decision to maintain interest rates at a 16-year high. The central bank indicated that it would require additional evidence of a sustained decrease in inflation towards its 2% target before considering rate cuts. The blue-chip FTSE 100 index declined by 0.1% after the BoE's announcement, although it had been up by as much as 0.6% earlier in the day prior to the decision.

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