The British Central Bank Bank of England has not changed the key interest rate that remains 4.5 percent today. The decision was expected, but Bank of England is still convinced that interest on the path to gradual decline.
The British Central Bank has lowered the key interest rate for 0.25 percentage points to 4.5 percent. Interest is the same at the lowest level since June 2023. years.
The bank’s monetary policy committee has made a decision not to change interest, for which eight members of the Board voted, and one against, is written Seebiz.
The decision to keep on hold was expected, but the Governor Bank Andrew Bailey said they still believe they were the rates “in the gradual descendant journey.”
According to the governor, there is currently a great economic uncertainty. “We’ll be very careful to follow the development of the world and domestic economy,” he said.
He reiterated that the task of the central bank is to ensure that inflation remains low and stable. Inflation rate is currently three percent, and the bank wants to lower two percent, allegations and BBC.
