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Last Update: ،
2026/05/22
Time
08:31:07
Latest News:
Presidential Leadership Council Chairman Receives National Day Greetings from Russia and Japan
Deputy Governor of Taiz Meets German Embassy Official to Discuss Development Support
Minister of State for Women's Affairs Discusses Outcomes of Women's Summits
Deputy Interior Minister Meets with UN Envoy to Discuss Counter-Terrorism Efforts
Leadership Council Member Tariq Saleh Launches Development Projects in Western Coast with Saudi Support
Latest News:
Presidential Leadership Council Chairman Receives National Day Greetings from Russia and Japan
Deputy Governor of Taiz Meets German Embassy Official to Discuss Development Support
Minister of State for Women's Affairs Discusses Outcomes of Women's Summits
Deputy Interior Minister Meets with UN Envoy to Discuss Counter-Terrorism Efforts
Leadership Council Member Tariq Saleh Launches Development Projects in Western Coast with Saudi Support
Bank of England sets interest rate at 5 percent
[19/09/2024 02:08]
LONDON-SABA
The Bank of England announced on Thursday that it will fix the interest rate at 5 percent, one month after cutting it for the first time since March of 2020.
The central bank's monetary policy committee said in a statement that eight of its nine members voted in favor of the stabilization decision based on the decline in inflation and its stability last month at 2.2 percent.
The committee confirmed that it will continue to monitor economic indicators before adopting any new rate cut. The low inflation rate will allow it to adopt a policy of cautious and slow rate cuts in the coming months.
The Bank of England announced on Thursday that it will fix the interest rate at 5 percent, one month after cutting it for the first time since March of 2020.
The central bank's monetary policy committee said in a statement that eight of its nine members voted in favor of the stabilization decision based on the decline in inflation and its stability last month at 2.2 percent.
The committee confirmed that it will continue to monitor economic indicators before adopting any new rate cut. The low inflation rate will allow it to adopt a policy of cautious and slow rate cuts in the coming months.
Key words:
stabilization - indicators - stability - statement - committee - announced - inflation - confirmed - SABA The - interest -
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