Bank of England Holds Interest Rates Steady at 4.50%: FTSE Indexes React with Minor Losses

London, [Current Date] – The Bank of England (BoE) has decided to maintain its benchmark interest rate at 4.50%, mirroring the recent decision by the US Federal Reserve to hold rates between 4.25% and 4.50%. This cautious approach reflects global central banks' concerns about a potential recession amid economic uncertainty. The FTSE 100 Index, the main index of the London Stock Exchange (LSE), closed slightly lower, down by 0.054% or 4.67 points, settling at 8,701.99. The FTSE 250 Index, comprising mid-cap companies, also saw a decrease of 0.12% or 24.39 points, closing at 20,097.98. Similarly, the FTSE SmallCap Index experienced a negligible dip of 0.0021% or 0.14 points, ending the day at 6,645.01. These minor losses indicate a cautious reaction from the equity markets in London following the BoE's announcement.