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Holiday Ginger Cookies Recipe

  Ingredients: - 2 1/4 cups all-purpose flour - 2 tsp ground ginger - 1 tsp baking soda - 1 tsp ground cinnamon - 1/2 tsp ground cloves - 1/4 tsp salt - 3/4 cup unsalted butter, softened - 1 cup granulated sugar - 1 large egg - 1 tbsp water - 1/4 cup molasses - 1/4 cup additional granulated sugar for rolling Instructions: 1. Preheat Oven: Preheat your oven to 350°F (175°C). Line baking sheets with parchment paper. 2. Combine Dry Ingredients: In a medium bowl, whisk together the flour, ginger, baking soda, cinnamon, cloves, and salt. 3. Cream Butter and Sugar: In a large bowl, using an electric mixer, beat the butter and 1 cup of sugar until light and fluffy. Add the egg, water, and molasses, and beat until well combined. 4. Mix Ingredients: Gradually add the dry ingredients to the wet ingredients, mixing until just combined. 5. Form Dough Balls: Roll the dough into small balls, about 1 inch in diameter. Roll each ball in the additional granulated sugar to coat. 6. Bake: Place the...
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Bank of England Holds Rates Steady at 5.25% Ahead of UK Election

 


The Bank of England (BoE) has maintained its main interest rate at a 16-year high of 5.25% in anticipation of the upcoming July 4 election. While some policymakers considered a rate cut, the decision remained “finely balanced.” 

The BoE’s Monetary Policy Committee voted 7-2 to keep rates unchanged, aligning with economists’ expectations. BoE Governor Andrew Bailey emphasized that it was “good news” that inflation had returned to its 2% target, but cautioned against premature rate cuts. Sterling dipped against the U.S. dollar following the announcement, and markets now anticipate an 88% chance of a quarter-point cut by September. Despite the election context, the BoE clarified that the decision was unaffected by political considerations. 

The evolving economic indicators will guide future rate decisions, with most economists expecting a cut in August. However, this timing may not benefit Prime Minister Rishi Sunak, whose Conservative Party trails the opposition Labour Party in pre-election polls. The BoE’s stance reflects the delicate balance between inflation concerns and economic recovery.

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