Washington, District of Columbia 2021-05-06 07:51:24 –
London (AP) — The Bank of England continued to hold interest rates and became more optimistic about….
London (AP) — The Bank of England has left interest rates unchanged and has become more optimistic about the UK’s economic recovery as a result of the rapid rollout of the coronavirus vaccine.
In a statement prepared Thursday, the nine-member Monetary Policy Committee said it would keep banks’ key interest rates at 0.1%. The unanimously anticipated decision means that interest rates will remain at the lowest levels in a bank’s 327-year history.
In addition to the decision, the bank’s pricing committee said that the rapid rollout of the COVID-19 vaccine could lead to greater growth in the coming quarters than previously thought, and the relaxation of blockade restrictions He said it should spur personal consumption.
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Bank of England maintains rates, voices optimism on recovery Source link Bank of England maintains rates, voices optimism on recovery