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Montevideo, June 25th 2017 - 03:32 UTC

Tag: Kristin Forbes

  • Friday, March 17th 2017 - 07:15 UTC

    Bank of England cautiously leaves interest rates at the record low of 0.25%

    Carney has emphasized his rate-setting board's willingness to ignore a certain level of above-target inflation prompted by the sharp plunge in sterling of around 18%

    The Bank of England (BOE) held interest rates at the record low level of 0.25% and maintained asset purchases at £435 billion on Thursday. The decision, which was made by an 8-1 majority, had been almost unanimously anticipated by central bank watchers with many expecting the BOE to choose caution until more clarity emerges on the Brexit process and the U.K. economy's capacity to manage outside of the European Union.