Business & Finance

Bank of England keeps interest rate at 0.25pc

LONDON: Bank of England policymakers voted to keep its main interest rate at a record low 0.
Published December 15, 2016 Updated December 15, 2016 02:29pm

LONDON: Bank of England policymakers voted to keep its main interest rate at a record low 0.25 percent, the BoE said Thursday, despite inflation on the rise amid Brexit uncertainty.

The British central bank said all nine policymakers agreed at a regular policy meeting to keep the rate on hold and to leave the amount of QE cash stimulus pumping around the economy at #435 billion ($543 billion, 521 billion euros).

Copyright AFP (Agence France-Press), 2016