Tag : 0.5 percent

BOE keeps rates unchanged

International Finance DeskJuly 15, 2016

by International Finance DeskJuly 15, 2016

Move surprises many; however, cuts may take place in August IFM Correspondent July 15, 2016: In a move that has surprised many, Bank of England (BoE) has kept interest rates unchanged, despite widespread expectations that it was going to cut its benchmark rate in the wake of a June vote in the UK to leave...

Economy

Post-Brexit, BoE may cut interest rate

International Finance DeskJuly 11, 2016

by International Finance DeskJuly 11, 2016

Move aimed at boosting the economy IFM Correspondent July 11, 2016: In order to provide a fillip to the economy post-Brexit, the Bank of England (BoE) is expected to cut interest rates to new historic lows on Thursday. Though a slowdown post-Brexit was more or less predicted, the bank may decide to take some measures...