Bank of England holds rates, warns of early rises
MG News | February 08, 2018 at 06:00 PM GMT+05:00
The Bank of England froze Thursday its key interest rate at 0.5 percent but cautioned that it could rise more quickly than expected in order to bring down high inflation.
The BoE's nine-strong monetary policy committee "voted unanimously to maintain bank rate at 0.5 percent", but rates could rise sooner than expected "in order to return inflation suitably to target", it said in a statement – AFP/APP
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