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Economy News
 
Bank of England holds rates after first hike in decade
15-Dec-2017

The Bank of England kept its main interest rate unchanged at 0.50 percent on Thursday, a month after increasing borrowing costs for the first time in a decade to contain a rise inflation stoked by last year's Brexit vote. The decision was widely anticipated even though official figures this week showed annual inflation rising further above the bank's 2 percent target, to 3.1 percent. All nine members of the Monetary Policy Committee voted to keep rates unchanged.

News Source:- http://abcnews.go.com/International/wireStory/bank-england-set-hold-rates-hike-decade-51782776