Categories: BusinessLatest

Bank of England Holds Interest Rate

The Bank of England voted unanimously to keep its benchmark interest rate on hold at a record low of 0.1 percent and left its bond-buying programme unchanged during its February meeting. Policymakers noted it would be appropriate to start the preparations so that it could set a negative rate in 6 months, but stressed it should not be interpreted as a signal.

The central bank also said that the coronavirus vaccine rollouts in a number of countries, including the United Kingdom, have improved the economic outlook, but voiced concerns about the recent increase in cases, including from newly identified strains of the virus, and the associated reimposition of restrictions

Follow us on:

AriseNews

Recent Posts

Trump Chooses Ex-Bank President As Latin America Envoy Despite Alleged Affair Scandal

Trump has selected ex-bank president Mauricio Claver-Carone as Latin America envoy, despite past misconduct allegations…

2 minutes ago

Trump Threatens to Take Control of Panama Canal Over ‘Exorbitant’ Fees in Fiery Speech

Trump has demanded Panama reduce Canal fees or return it to US control, sparking backlash…

5 minutes ago

Ex-US Marine Pilot Daniel Duggan to Be Extradited to US Over Alleged Illegal Training of Chinese Pilots

Australia has approved the extradition of ex-marine Daniel Duggan, facing US charges for allegedly training…

7 minutes ago

Trump Nominates Billion Dollar Buyer Host Tilman Fertitta as US Ambassador to Italy

Donald Trump has selected businessman Tilman Fertitta, owner of the Houston Rockets, to serve as…

1 hour ago

Ten Family Members Die in Private Plane Crash in Brazil

A plane crash in Gramado, Brazil, killed ten family members, including businessman Luiz Claudio Galeazzi,…

1 hour ago

Man Arrested in New York for Setting Woman on Fire in Brooklyn Subway

A suspect has been apprehended in Brooklyn subway after woman was set ablaze and died…

1 hour ago