Mexican Media Brands
U.K. Holds Interest Rate Steady at 0.5%
The Bank of England has elected to maintain its prime lending rate unchanged at 0.5% for now.
#economics
Share
The Bank of England has elected to maintain its prime lending rate unchanged at 0.5% for now. But the central bank appears likely to lower the rate when it meets again in early-August, BBC News reports.
Financial experts had expected a cut this week to help reverse the U.K.’s slowing economic growth. The bank also is monitoring a possible rise in inflation caused by the weakening pound sterling.
The bank’s record-low 0.5% lending rate has been in place for more than seven years. But analysts say action appears likely in August after the central bank reported a slowdown in business investments and predicted a significant near-term weakening in the British housing market.
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.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
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.