Bank of England makes the historic interest hike to 3%, its biggest since 1989
The policy was aimed at staving off recession and spurring long-term growth - but instead it pushed sterling to a record low against the U.S. dollar, forced the BoE to prop up the bond market and led to Truss's resignation.
Nov 03, 2022, 20:09 PM IST
Bank of England says keeps interest rate at 0.25%
The Bank of England said Thursday it was keeping its key interest rate at a record-low 0.25 percent, as it sees growth in Britain slowing less than expected this year.
Sep 15, 2016, 17:22 PM IST
Bank of England surprises markets by keeping rates on hold, signals August move
The Bank of England kept interest rates unchanged on Thursday, wrong-footing many investors who had expected the first cut in more than seven years as Britain`s economy reels from last month`s Brexit vote.
Jul 14, 2016, 17:36 PM IST
Bank of England keeps key interest rate at 0.50%
The Bank of England said Thursday it had voted to keep its interest rate at a record-low 0.50 percent, but cut economic growth forecasts and warned of global "headwinds".
Sep 10, 2015, 17:38 PM IST
Bank of England holds interest rate at 0.50%
The MPC "voted by a majority of 8-1 to maintain Bank Rate at 0.5 percent", the BoE said.
Aug 06, 2015, 19:06 PM IST
