Monetary Policy Committee set to announce interest rate decision at noonIn the property world, Norway’s sovereign wealth fund is buying a quarter of Covent Garden.The Norges Bank Investment Management has entered a partnership with landlord Shaftesbury, and will pay £570m for a 25% stake in the Covent Garden estate.This investment underscores our belief in the strength of London with the portfolio complementing our other high quality West End investments.Covent Garden is one of the world’s most recognised retail, leisure and cultural destinations and we look forward to supporting Shaftesbury Capital’s management team, with their strong track record of delivering the growth potential of this prime West End estate.”“The reforms I have announced will ensure everyone who can work gets the active support they need, including through an extra £1 billion for personalised health, skills and employment support for sick and disabled people.“We’ve already put in place measures to make work pay...
The Bank of England's Monetary Policy Committee voted 8-1 to hold UK interest rates unchanged at 4.5%, suggesting the next rate cut may not occur until August. The Bank noted companies are freezing hiring plans. S&P Global predicts rate cuts in August and November. Other events include a surprise interest rate rise in Turkey, the EU delaying tariffs on US goods, and Tesla recalling Cybertrucks. Global debt exceeds $100 trillion, and the LME was fined for a nickel trading debacle.
