Bank of England keeps interest rate at 0.5 percent

AFP/APP – The Bank of England on Thursday said it had decided to keep its main interest rate at 0.50 percent, as it weighed high UK inflation against Brexit uncertainty.

“Our Monetary Policy Committee has voted by a majority of 7-2 to maintain Bank Rate at 0.50 percent,” said a statement following a regular meeting, adding that it was maintaining the amount of cash stimulus pumping around the UK economy at £445 billion ($630 billion, 512 billion euros).

Posted on: 2018-03-22T22:38:00+05:00