Bank of England keeps key rate at 0.50%

The Bank of England left its key interest rate at 0.50 percent in an announcement Thursday following a regular meeting, as British inflation holds at a 14-month low. BoE policymakers voted 6-3 to keep the rate on hold, down from the 7-2 result last time round, indicating that the central bank could hike borrowing costs at its next meeting in August, matching analyst expectations.

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Posted on: 2018-06-21T17:26:00+05:00