US interest rates held for fifth time in a row

The Federal Reserve has held US interest rates for the fifth consecutive time, keeping them between 3.5% and 3.75%. Similarly, the Bank of England is expected to maintain its Bank rate at 3.75%, which represents the lowest level since February 2023. This decision by the Bank of England would mark its fifth hold in a row, mirroring the stability seen in the US Federal Reserve's recent monetary policy decisions regarding current interest rates.