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Last Update: ،
2025/10/17
Time
04:22:16
Latest News:
Ambassadors of countries sponsoring political process in Yemen issued statement on meeting with the Prime ..
Coast Guard Chief discusses with commanders of French, EU forces joint cooperation
FM praises Germany's, EU's significant support for Yemen
Vice Foreign Minister discusses Italian Special Envoy for Yemen strengthening bilateral relations
Governor of Central Bank, Deputy Minister of Finance discuss with IMF strengthening cooperation, technical ..
Latest News:
Ambassadors of countries sponsoring political process in Yemen issued statement on meeting with the Prime ..
Coast Guard Chief discusses with commanders of French, EU forces joint cooperation
FM praises Germany's, EU's significant support for Yemen
Vice Foreign Minister discusses Italian Special Envoy for Yemen strengthening bilateral relations
Governor of Central Bank, Deputy Minister of Finance discuss with IMF strengthening cooperation, technical ..
Bank of England sets interest rate at 5 percent
[19/09/2024 02:08]
LONDON-SABA
The Bank of England announced on Thursday that it will fix the interest rate at 5 percent, one month after cutting it for the first time since March of 2020.
The central bank's monetary policy committee said in a statement that eight of its nine members voted in favor of the stabilization decision based on the decline in inflation and its stability last month at 2.2 percent.
The committee confirmed that it will continue to monitor economic indicators before adopting any new rate cut. The low inflation rate will allow it to adopt a policy of cautious and slow rate cuts in the coming months.
The Bank of England announced on Thursday that it will fix the interest rate at 5 percent, one month after cutting it for the first time since March of 2020.
The central bank's monetary policy committee said in a statement that eight of its nine members voted in favor of the stabilization decision based on the decline in inflation and its stability last month at 2.2 percent.
The committee confirmed that it will continue to monitor economic indicators before adopting any new rate cut. The low inflation rate will allow it to adopt a policy of cautious and slow rate cuts in the coming months.
Key words:
stabilization - indicators - stability - statement - committee - announced - inflation - confirmed - SABA The - interest -
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