Breaking News, World News and Taiwan News.

Bank of England united in vote to hold interest rates

LONDON--Policymakers at the Bank of England voted unanimously at their last meeting to keep the key interest rate at the record low of 0.5 percent, buoyed by a strengthening economy and subdued inflation.

Minutes published Wednesday for the February meeting showed policymakers were also united in opting to refrain from pumping more money into the economy and to broaden their view as to what might prompt them to raise rates.

Until recently, the bank said its key interest rate would remain on hold until joblessness fell to 7 percent. But as that unemployment threshold neared, Mark Carney, the governor, decided to update the so-called forward guidance to consider wage growth and productivity in the calculation.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search