Amazon's $200 billion AI gamble: market reactions

In this episode of 'Seven Minutes on Markets,' hosts Ben Kumar and Sam Hannon delve into the latest economic events shaping global markets. With the Bank of England opting to keep interest rates steady at 3.75%, the decision reflects a close 5-4 vote, revealing the mixed perspectives on the UK's economic trajectory. They emphasise the importance of data-driven policy, with rates anticipated to stabilise between 2-3% over the coming years. Meanwhile, Japan's political stability after a snap election sees its markets rise by 4%, highlighting the positive reception towards long-term growth plans in the wake of a volatile political landscape.