Mexican Media Brands
U.K. Leaves Interest Rates Unchanged
Policymakers voted unanimously to leave left the Bank of England's prime interest rate unchanged at a record low 0.5%.
The central bank signaled that an increase by year end is likely.
#economics
Share
Policymakers voted unanimously to leave left the Bank of England's prime interest rate unchanged at a record low 0.5%.
The central bank signaled that an increase by year end is likely. But it also indicated it won't change the rate until inflation increases and average real wages grow. Policymakers also agreed not to inject more money into the British economy.
Inflation in the U.K. dropped to 1.5% in May, marking the sixth consecutive month below the Bank of England's 2% target.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.