Following its September meeting, the Bank of England left its interest rate unchanged at 5% per annum. reported on the regulator’s website.
The decision coincided with analysts’ consensus forecast, with some market participants also calling for further easing of the Bank of England’s monetary policy.
Regulator loaded The key rate of 5% per year was cut by 25 basis points in August. Before that, it was at 5.25% per year for a year, the highest level since 2008.
Last week, the Central Bank of the Russian Federation raised interest rates for the second time this year by a single 100 basis points from 18% to 19% annually. How will this decision affect the ruble exchange rate and deposit rates? In the material “socialbites.ca”.
Previous Analyst explained Reasons for the interest rate hike by the Central Bank of Russia.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.