Help | Sitemap | Archive | Advanced Search   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
 China At a Glance
 Constitution of the PRC
 CPC and State Organs
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Wednesday, June 06, 2001, updated at 21:32(GMT+8)
World  

British Central Bank Leaves Rate Unchanged at 5.25 Percent

The Bank of England, Britain's central bank, will leave the country's interest rates unchanged at 5.25 percent this month, according to a decision announced by the bank's Monetary Policy Committee on Wednesday.

Analysts believe there may be political reasons for holding back on the day before the general election.

But economically, there is little incentive for rate cuts either, they say. Inflation is slowly creeping up, earnings growth is still strong, and consumer confidence is buoyant. All these factors could boost inflation.

This year, the Bank of England has cut interest rates three times, from 6 percent at the start of the year to 5.25 percent.

In the neighboring 12-nation euro zone, the European Central Bank recently cut its rates from 4.75 percent to 4.5 percent.







In This Section
 

The Bank of England, Britain's central bank, will leave the country's interest rates unchanged at 5.25 percent this month, according to a decision announced by the bank's Monetary Policy Committee on Wednesday.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved