Bank of England’s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%, to aid the U.K. economy’s ongoing recovery. Investors anticipate the central bank to begin lifting its benchmark interest rate early in 2015. Keeping a close eye on market During the past nine months, the U.K. economy has hit its stride, following a long period of stagnation. The International Monetary Fund anticipates the economy to expand by 2.9% in 2014, the fastest rate of growth among the Group of Seven leading developed economies. However, Britain’s return to growth has sparked fears of a housing…
Bank of England Maintains Interest Rates At Historic Low
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports