Wednesday, 27 October 2021

Tag Archives: interest rates

Sweden raises interest rates for first time in 7 years

STOCKHOLM-AFP: Sweden’s central bank hiked interest rates for the first time in seven years, raising the main repo rate by a quarter of a point to -0.25 percent. “As inflation and inflation expectations have become established at around 2 percent, the need for a highly expansionary monetary policy has decreased ...

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Bank of England keeps interest rates on hold

LONDON: The Bank of England has kept its main interest rate unchanged at 0.50 percent, a month after increasing borrowing costs for the first time in a decade to contain a rise inflation stoked by last year’s Brexit vote. Thursday’s decision was unanimous in the bank’s nine-strong policy committee. It ...

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Bank of England leaves UK interest rates on hold at 0.25%

The Bank of England has left interest rates at their record low of 0.25% but repeated a warning that higher inflation and slower wage growth risk squeezing household budgets and spending next year. The Bank’s nine-strong monetary policy committee voted unanimously to keep rates on hold and maintain the current ...

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