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Added on the 04/08/2016 14:27:11 - Copyright : Reuters EN
The Bank of England announces it will hold its key interest rate at 5.25 percent, a day after the Federal Reserve also froze borrowing costs as global inflation retreats. The BoE had already kept its rate steady at the central bank's previous monetary policy meeting in September, snapping a streak of 14 hikes in a row. But Governor Andrew Bailey says it is "much too early" to think about cutting rates. IMAGES
The Bank of England cuts interest rates for the first time since 2009, revives its bond-buying programme and says it will take "whatever action is necessary" to achieve stability in the wake of Britain's vote to leave the European Union. David Pollard reports.
Bank of England policymaker Kristin Forbes has warned that waiting too long to raise interest rates could damage Britain's economic recovery. Kirsty Basset looks at market reaction to the comments.
Russia's central bank cut its key interest rate by 50 basis points to 11 percent on Friday as expected, saying risks of the economy cooling now outweighed inflation risks. Ciara Lee reports.
The Reserve Bank of India cut its main policy rate by an expected 25 basis points as economists believe the state of Asia's third-largest economy isn't as rosy as it appears. Meg Teckman reports.
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
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