BoE Interest Rate Unchanged at 5.0%
Bank of England
BoE kepts its interest rate unchanged at 5.0% in todays meeting. And the minutes of the meeting will be published on Dec 20. In its quarterly economic projections, the central bank said it expects the annual CPI inflation rate to pick up in the near-term to a peak of around 2.7 pct towards the end of this year, before easing back quite dramatically towards the 2.0 pct target over a two-year horizon.
BoE kepts its interest rate unchanged at 5.0% in todays meeting. And the minutes of the meeting will be published on Dec 20. In its quarterly economic projections, the central bank said it expects the annual CPI inflation rate to pick up in the near-term to a peak of around 2.7 pct towards the end of this year, before easing back quite dramatically towards the 2.0 pct target over a two-year horizon.
posted by Naveen Pantera at 7:24 PM
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