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Added on the 15/10/2020 14:00:00 - Copyright : EFE Inglés
The Bank of England holds its interest rate at a 16-year high, insisting it was not yet the right time to cut with inflation staying high despite a fall to just above three percent. "That's encouraging. But we are not yet at a point where we can cut bank rates," he tells a press conference. IMAGES
The Fed predicts a 5.2 percent rate of inflation, as measured by the personal consumption expenditures price index, before falling rapidly to 2.6 percent next year and 2.2 percent in 2024, Chair Jerome Powell says during a press conference. SOUNDBITE
The chair of the US Federal Reserve, Jerome Powell, predicts an annual inflation rate of 4.2 percent in 2021, up from the 3.4 percent forecast in June, dropping to 2.2 percent in 2022. SOUNDBITE
Though US inflation is rising, a temporary spike above two percent will not be enough to make the central bank pull back on stimulus policies, says Federal Reserve Chair Jerome Powell. SOUNDBITE
China says its first space lab Tiangong-1 will likely fall back to Earth in the second half of 2017, which seems to confirm speculation that it has already lost control of the spacecraft.
The US Federal Reserve left its key lending rate unchanged on and penciled in just one rate cut this year, down from the three expected in March. SOUNDBITE
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