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Last Update: ،
2025/09/18
Time
07:38:33
Latest News:
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Latest News:
Fourth International Conference on Trauma Care Discusses Latest Medical Advancements in Yemen
Civil Service Ministry Announces Official Holiday for 63rd Anniversary of September 26 Revolution
Local Administration Minister meets with EU official
Foreign Minister meets EU Ambassador
President al-Alimi praises United States' support for Yemen
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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