Today news
About the same in other media
Bank of England surprises markets by holding rates at record lows
Reading now: 797
cnbc.comLONDON — The Bank of England held interest rates steady on Thursday, defying many investors' expectations that it would become the first major central bank to hike rates following the coronavirus pandemic.
The Bank's Monetary Policy Committee voted 7-2 to keep the Bank Rate unchanged at its historic low of 0.1%, and 6-3 in favor of continuing the existing program of U.K. government bond purchases at a target stock of £875 billion ($1.2 trillion). The MPC voted unanimously to maintain its £20 billion stock of corporate bond purchases, keeping the total asset purchase program at £895 billion.
Markets had been uncertain as to whether the Bank would set off on the path toward monetary policy normalization on Thursday or at its next meeting in
Read more on cnbc.comAbout this in other media
Crypto poses imminent threat to financial stability: Bank of England Deputy Governor cointelegraph.com /3 years ago
Bank of England governor ‘very uneasy’ about rising inflation theguardian.com /3 years ago
Bank of England’s Jon Cunliffe says bitcoin threat to financial stability is ‘getting closer’ fnlondon.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
