• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Domestic Affairs

Bank of England leaves the key rate unchanged

5th August 2021 Matthew Patridge

Bank of England leaves the key rate unchanged Pin It
Bank of England is responsible for monetary politics, including pound to dollar rates.

The Bank of England does not change its monetary policy, with a policy rate of 0.1 percent and an unchanged buy-back program. The decision was announced by the British central bank on Thursday afternoon.

At the policy meeting, all eight policy makers voted for an unchanged interest rate. Seven out of eight voted for an unchanged purchase programme of £ 875 billion. The vote against wanted the program to be reduced to 830 billion pounds.

The central bank expects economic growth to be around 3 percent in the third quarter, which is lower than expected in May, due to the spread of the coronavirus Delta variant. However, growth in the second quarter is expected to be higher than expected at 5 per cent.

Inflation in June was 2.5 per cent, 0.8 percentage points higher than forecast in May. Higher raw material costs are mainly responsible for this. The Bank of England sees inflation rising to 4 percent in the fourth quarter.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Dmitry Zhurba and Andrey…

In Domestic Affairs

Dmitry Zhurba and Andrey Malyshev defraud US investors for millions

View Post

Next Post

Alok Sharma, the 'minister of…

In Domestic Affairs

Alok Sharma, the 'minister of weather', certainly made a difference

View Post

In Money Matters

Tesco says Brits are buying less and downtrading to manage inflation

View Post

In IT, Innovation and Startups

Small business is obliged to hire ‘a data protection officer’

View Post

In IT, Innovation and Startups

Moderna gets permit for a mRNA plant in the UK

View Post

In Money Matters

British consumer confidence at the historically lowest point

View Post

Newsletter

Latest News

View

British consumer confidence at the historically lowest point

24th June 2022

View

Moderna gets permit for a mRNA plant in the UK

23rd June 2022

View

Tesco says Brits are buying less and downtrading to manage inflation

20th June 2022

View

Small business is obliged to hire ‘a data protection officer’

20th June 2022

In Domestic Affairs

Crisis at P&O Ferries could affect independent UK retailers

View Post

In Domestic Affairs

Authorities seize one of P&O Ferries ships

View Post

Bulat Utemuratov owns an entire garage of sport cars.

In Foreign Affairs

The Great Hunt for the Nazarbayev assets has just begun

View Post

The former president of Kazakhstan N. Nazarbayev (L) and Aslan Musin (R)

In Foreign Affairs

Aslan Musin, an elusive kleptocrat from Kazakhstan, provided falsified records to obtain EU citizenship

View Post

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com

Sign Up for Our Newsletter

Our friendly crew

  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]