Monday, 19 February 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Bank of England raises key interest rate to 0.5%, first hike in 10 years
Thursday, 2 November 2017 19:16 WIB | FISCAL & MONETARY |BOE

The Bank of England on Thursday raised its key interest rate by a quarter-percentage point to 0.5%, meeting widely held expectations for the first rate hike to be enacted since July 2007.

The Monetary Policy Committee voted 7-2 to raise the rate, a move that comes as inflation sits at 3% and British economic growth has slowed. "There remain considerable risks to the outlook, which include the response of households, businesses and financial markets to developments related to the process of EU withdrawal," the bank said in a statement.

The central bank left unchanged the size of its asset purchase program at £435 billion ($574 billion) and its corporate-bond purchase program at £10 billion. The pound dropped to $1.3129 from $1.3216 ahead of the decision. Sterling late Wednesday traded at $1.3246.

Source: Marketwwatch

RELATED NEWS
BOE Keeps Policy Unchanged in a Unanimous Decision...
Thursday, 8 February 2018 19:18 WIB

Pada pertemuan pertama di tahun 2018, Komite Kebijakan Moneter Bank of England (BoE) memutuskan untuk mempertahankan suku bunga acuan di angka 0,5 % dengan suara bulat 9-0. Komite juga memutuskan den...

Australia Holds Rate for Record 16th Meeting Amid Currency Gains...
Tuesday, 6 February 2018 11:06 WIB

Bank sentral Australia mempertahankan suku bunga tidak berubah untuk rekor pertemuan ke-16 seiring mata uang yang kembali bangkit mengancam eksportir dan menekan inflasi lebih lanjut. Chief Reserve B...

Fed Leaves Rate Unchanged as Yellen Departs; Sets Up March Hike...
Thursday, 1 February 2018 02:14 WIB

Para pejabat Federal Reserve, yang bertemu untuk terakhir kalinya di bawah jabatan Ketua Janet Yellen, membiarkan biaya pinjaman tidak berubah sambil menambahkan penekanan pada rencana mereka untuk ke...

Draghi Sees Inflation Optimism in Recovery But Euro a Worry...
Thursday, 25 January 2018 21:47 WIB

Mario Draghi menyatakan keyakinan baru bahwa pemulihan kawasan euro akan menghidupkan kembali inflasi, mendorong euro ke level tertinggi dalam lebih dari tiga tahun meskipun secara bersamaan memberika...

ECB Keeps Policy Unchanged as Euro Gains Risk Curbing Inflation...
Thursday, 25 January 2018 20:10 WIB

Bank Sentral Eropa mempertahankan janjinya untuk bergerak perlahan dalam menghapus stimulus kawasan euro, yang menetapkan panggung bagi Presiden Mario Draghi untuk menghadapi pertanyaan mengenai kekua...

POPULAR NEWS
Gold Set for Best Week Since `16 as Inflation Picks Up

Gold heads for biggest weekly advance since...

Gold heads for best weekly gain since 2016

Gold futures grasped at a narrow advance Friday...

US Stocks Open Flat Amid Investor Caution

Wall Street stocks were flat in early trading...

LATEST NEWS
US Stocks Open Flat Amid Investor Caution

Wall Street stocks were flat in early trading Friday, threatening a five-day winning streak in a sign investors remain somewhat cautious after the volatility in equities this month. About 15 minutes into trading, the Dow Jones Industrial Average...

Gold heads for best weekly gain since 2016

Gold futures grasped at a narrow advance Friday and headed for a weekly gain of about 3% even as the dollar index, battered in recent trading, tipped higher and stocks headed for their best week in more than a year. April gold was up $1.80, or...

Housing Starts Soar In January, Building Permits Hit 10 1/2-Year High

Construction on new homes in the U.S., known as housing starts, jumped almost 10% in January to an annual rate of 1.33 million. That™s the second highest level since the Great Recession and it easily exceeded the 1.24 million forecast of...