Araverus Team|Thursday, February 5, 2026 at 3:27 PM
Araverus Team
Feb 5, 2026 · 3:27 PM
Bank Of England · ECB · Inflation Outlook · Interest Rates
The Bank of England maintained its interest rate at 3.75% amid ongoing inflation concerns, with a close vote among policymakers indicating potential future rate cuts.
The euro rose after Christine Lagarde made it reasonably clear the ECB wouldn’t cut interest rates in response to the currency’s strength, according to ING.
The board of governors voted unanimously to leave the overnight interest-rate target at 7.0%.
The euro was little changed after provisional data showed eurozone inflation fell more than expected in January.
The central banks are set to leave rates unchanged Thursday, as they consider the impact of a weaker dollar and an influx of cheap Chinese imports on the outlook for inflation.
