- CNTV English - CCTV News

Bank of England keeps rates at 0.5%

07-09-2010 08:44 BJT

Watch Video

Play Video

Britain's central bank has also decided to keep its key interest rate at a record-low, 0.5 percent. It was widely expected by analysts, due to the risk of a slowdown in Britain's economic recovery.

The Bank of England has held the interest rate at 0.5 percent, since the depths of the recession in March 2009. Last month, one policy maker voted for an increase to 0.75 percent because of on-going above-target inflation. But the rest of the bank's monetary policy committee are waiting for updated economic forecasts in August.

UK inflation remains at 3.4 percent, well above the central bank's 2 percent target.

Related stories

Editor:Xiong Qu |Source:

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program