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Montevideo, August 16th 2022 - 23:10 UTC

Tag: reduce budget

  • Thursday, June 9th 2011 - 19:49 UTC

    Bank of England leaves rates unchanged to bolster recovery

    Andrew Sentance left the bank in May calling for higher rates to combat inflation

    The Bank of England’s Monetary Policy Committee voted Thursday to maintain the official Bank Rate paid on commercial bank reserves at the record low 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.