Mexican Media Brands
U.K. Leaves Interest Rates Unchanged, Ends Stimulus Program
The Bank of England has again extended the 0.5% lending rate it put in place more than five years ago.
#economics
Share
The Bank of England has again extended the 0.5% lending rate it put in place more than five years ago.
The bank also says it is ending the debt purchase program it launched three years ago, which has spent 375 billion (€476 billion) buying private debt products from other banks.
Analysts speculate the central bank could begin raising its index lending rate as soon as next month or perhaps not till mid-2015. The British economy is growing steadily, which makes an increase more likely. But inflation in the U.K. is below the bank's target of 2%, which eases pressure to control costs with higher interest rates.
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.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
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.