Bank governor says ‘things moving in the right direction’ amid criticism for leaving rates on hold – as it happened

UK central bank faces criticism for keeping Bank Rate at 5.25% after a shock rate cut in Switzerland and a hike in Turkey today

• Full story: Bank of England keeps interest rates on hold at 5.25%
• The Guardian view: it’s time to start cutting rates

The Swiss franc has tumbled against the US dollar following Switzerland’s surprise interest rate cut:

Here’s more early reaction:

Continue reading…UK central bank faces criticism for keeping Bank Rate at 5.25% after a shock rate cut in Switzerland and a hike in Turkey todayFull story: Bank of England keeps interest rates on hold at 5.25%The Guardian view: it’s time to start cutting ratesThe Swiss franc has tumbled against the US dollar following Switzerland’s surprise interest rate cut:Here’s more early reaction: Continue reading…