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Last Update: ،
2026/06/12
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10:46:28
Latest News:
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Latest News:
President al-Alimi Reviews Circumstances of Aden Shooting Incident, Directs Completion of Investigations
Tareq Saleh Meets EU Ambassador
Al-Mahrami Meets EU Ambassadors, Calls for Designating Houthi Militias Terrorist Organization
Prime Minister Reviews Support for Government Reforms, Expansion of Development Partnership with the ..
Yemen reiterates its absolute rejection of using its territory as a platform to threaten international ..
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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