Mexican Media Brands
Bank of England Leaves Rates Unchanged
The Bank of England agreed earlier today to maintain the central bank's 0.5% primary lending rate and refrain from any other economic stimulus.
#economics
Share
The Bank of England agreed earlier today to maintain the central bank's 0.5% primary lending rate and refrain from any other economic stimulus.
Most members of the committee believe Britain's recovery, while brisk, is not yet strong enough to warrant a higher interest rate. But two of the nine-member policy committee voted otherwise, marking the first time in seven years the group failed to act unanimously.
The majority points to a dip in the U.K.'s inflation rate from 1.9% in June to 1.6% in July as evidence that a higher interest rate isn't needed. The bank targets 2% inflation as normal.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Auto vs. Tech: Guess Who Wins
Matthew Simoncini, president and CEO of Lear Corp., provided some fairly compelling figures this week at the CAR Management Briefing Seminars that show just how out-of-whack the valuations of tech companies are vis-à-vis auto companies.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.