The Bank of England held interest rates at 4.5% and warned against assumptions that they would be cut over its next few meetings as it grappled with deep uncertainty hanging over the British and world economies.

The Bank rate heavily influences the cost of borrowing for households, businesses and the government, as well as returns for savers. It was cut from 4.75% to 4.5% following the la

Three of the Bank of England’s more dovish members decided against another immediate interest-rate cut, as the panel held policy steady in the face of a turbulent global backdrop.

The Federal Reserve was widely expected to leave interest rates unchanged on Wednesday, at the conclusion of its March meeting.

U.S. President Donald Trump pushed the Federal Reserve to cut interest rates after the U.S. central bank said it would keep them unchanged. Alex Cohen has more. Trump supports Putin's U.S.-Russia hockey proposal,