The Bank of England (BoE) has decided to maintain its key interest rate at 5 per cent, following a recent trend of cautious monetary policy adjustments. The decision, made by the Monetary Policy Committee (MPC) with an 8-1 vote, comes as inflationary pressures appear to be easing.

Bank of England holds interest rates steady at 5% amid ongoing bond reduction strategy

Markets have recovered their poise after bouts of extreme volatility in March caused by the coronavirus pandemic that left "hard questions" for policymakers to answer, a senior Bank of England official said on Thursday.

Pandemic raises hard questions for policymakers, Bank of England says

European finance ministers need to find a compromise candidate to replace Christine Lagarde as the head of the International Monetary Fund, French Finance Minister Bruno Le Maire said on Saturday.

Europe needs to find candidate to head IMF: France