Description
Added on the 01/08/2024 14:24:40 - Copyright : AFPTV - First images
British Finance Minister Sajid Javid announces that Andrew Bailey, the head of the Financial Conduct Authority financial regulator, has been named as governor of the Bank of England to guide it through Brexit. SOUNDBITE
The Bank of England holds its interest rate at a 16-year high, insisting it was not yet the right time to cut with inflation staying high despite a fall to just above three percent. "That's encouraging. But we are not yet at a point where we can cut bank rates," he tells a press conference. IMAGES
The Bank of England announces it will hold its key interest rate at 5.25 percent, a day after the Federal Reserve also froze borrowing costs as global inflation retreats. The BoE had already kept its rate steady at the central bank's previous monetary policy meeting in September, snapping a streak of 14 hikes in a row. But Governor Andrew Bailey says it is "much too early" to think about cutting rates. IMAGES
The Bank of England announces in a press conference it is hiking its key interest rate by 0.75 percentage points, the biggest increase in 33 years, to fight inflation set to peak around 11 percent in recession-hit Britain. The latest rate hike mirrors aggressive rate-tightening by central banks worldwide as economies battle the highest prices in decades. SOUNDBITE
President Donald Trump says he would like to see the Federal Reserve cut interest rates significantly to boost the economy, but does not favor devaluing the US dollar. SOUNDBITE
|
Support : Technical 
- Content 
- Editors 
