"The Bank of England" proves the discount rate – The Kuwaiti political daily



[ad_1]

The Bank of England has decided to maintain its interest rate and badet purchase program, but has lowered its forecast of economic growth for the current year and 2020 .
The Bank of England announced yesterday in its monetary policy statement that the interest rate was set at the same level of 0.75%.
The nine members of the bank voted in favor of the stabilization of interest rates.
The Bank of England also decided to continue buying government bonds and corporate debt securities at the respective levels of £ 435 billion and £ 10 billion.
The Bank of England lowered its forecast of economic growth for the current year and 2020 to 1.3%, compared with 1.5% and 1.6% previously.
The new British prime minister plans to implement the bricast on October 31, as it was.
The Bank of England said: "This has led to a significant decline in the exchange rate of the pound sterling
This is close to the lowest level of the past three years compared to the basket of other major currencies and since the middle of last month, the uncertainty of the companies regarding Britain's exit from the EU has become more entrenched. "

[ad_2]
Source link