- Bank of England keeps its interest rate on hold at 0.5% in August
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6 agosto 2015
Bank of England keeps its interest rate on hold at 0.5% in August
The Bank of England (BoE) released its interest rate decision on Thursday. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.
Analysts expect that the BoE will start to raise its interest rate in early 2016.
The central bank expects the inflation to reach 2% target by the third quarter of 2017, while Britain's economy is expected to expand 2.8% in 2015.
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