You are here

Bank of England comes closest to voting for rate hike since 2007

Three of its policymakers back raising the interest rate despite signs of a slowdown in Britain's economy
Friday, June 16, 2017 - 05:50

BT_20170616_NSBOE16_2938446.jpg
Mr Carney and four other members of the Monetary Policy Committee voted to leave rates unchanged.

London

THE Bank of England (BOE) shocked financial markets on Thursday, saying that three of its policymakers had backed an interest rate hike, the closest it has come to raising rates since 2007, despite signs of a slowdown in Britain's economy.

Ian McCafferty and Michael Saunders

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom