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Added on the 09/05/2024 14:50:12 - Copyright : AFPTV - First images
US Federal Reserve Chair Jerome Powell announces that the US Federal Reserve has voted to keep interest rates at a 22-year high, between 5.25 percent and 5.50 percent. SOUNDBITE
The US Federal Reserve has voted to hold interest rates at a 22-year high for a second straight meeting. "Today we decided to leave our policy interest rate unchanged," announces Fed chair Jerome Powell. SOUNDBITE
The Bank of England's governor announces a cut to its main interest rate for the first time since the Covid pandemic broke out in 2020, as British inflation has retreated in recent months. Andrew Bailey called it a "finely-balanced" decision, with policymakers agreeing on a cut by five votes to four. Bailey added, "we need to be careful not to cut rates too much or too quickly". SOUNDBITE
The US Federal Reserve left its key lending rate unchanged on and penciled in just one rate cut this year, down from the three expected in March. SOUNDBITE
"My colleagues and I are acutely aware that high inflation imposes significant hardship as it erodes purchasing power," US Federal Reserve Chair Jerome Powell says in Washington. SOUNDBITE
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