(Bloomberg) -- The U.K. pound headed for a weekly
drop against the dollar after the Bank of England kept its
interest rates unchanged at its monthly meeting yesterday.
The nine-member Monetary Policy Committee, led by Governor
Mervyn King, kept the Bank Rate at 5.5 percent, as predicted by
58 of 62 economists in a Bloomberg News survey. The pound has
benefited from four interest-rate increases in the past year and
inflation that touched a decade-high of 3.1 percent.
Read more at Bloomberg Currencies News
drop against the dollar after the Bank of England kept its
interest rates unchanged at its monthly meeting yesterday.
The nine-member Monetary Policy Committee, led by Governor
Mervyn King, kept the Bank Rate at 5.5 percent, as predicted by
58 of 62 economists in a Bloomberg News survey. The pound has
benefited from four interest-rate increases in the past year and
inflation that touched a decade-high of 3.1 percent.
Read more at Bloomberg Currencies News
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