The Bank of England raised its main interest rate for the first time since 2007, before the global financial crisis, it announced Thursday as it tackles Brexit-fuelled inflation.
Policymakers voted 7-2 to tighten borrowing costs to 0.50 percent from a BoE record low of 0.25 percent as a weak pound caused by Brexit uncertainty has hiked the cost of imports into Britain and in turn fueled the country's inflation.
GMT 14:07 2017 Wednesday ,22 November
Britain slashes growth forecasts over five yearsGMT 11:03 2017 Tuesday ,14 November
Vodafone says rebounds into first-half net profitGMT 07:01 2017 Tuesday ,07 November
UK businesses demand Brexit clarity, but May provides noneGMT 12:53 2017 Thursday ,02 November
Bank of England hikes rates for first time in a decadeGMT 11:05 2017 Wednesday ,25 October
British economy grows 0.4% in third quarterMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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