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Business

Bank of England keeps interest rate at 0.5%

Published: 08 Jan 2015 - 03:15 pm | Last Updated: 18 Jan 2022 - 10:28 am

 

LONDON--The Bank of England voted to keep its main interest rate at 0.50 percent, it announced on Thursday, against a backdrop of sliding British inflation.

The BoE, holding its first policy meeting of the year, decided also to keep the level of its cash stimulus pumping around the economy at £375 billion ($565 billion, 480 billion euros), a statement said.

AFP