T + NS – normal size
The Bank of England defied market expectations by keeping interest rates unchanged and placing concerns about slowing growth above expectations of higher inflation, Bloomberg News reported yesterday.
Policymakers, led by Governor Andrew Bailey, voted 7 to 2, to keep the benchmark lending rate at 0.1%, and 6 to 3 to maintain the bond-buying target.
Officials also opposed market pricing for a series of hikes to 1% next year, noting that the path would leave inflation below target at the end of their forecast period.
Follow the economic statement via Google News
Print
Email
Facebook
Twitter
LinkedIn
Pin Interest
Whats App
These were the details of the news The Bank of England keeps interest rates unchanged for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
