BoE holds bank interest rate at 0.75pc | 2019-03-24 |

BoE holds bank interest rate at 0.75pc

24 March, 2019 12:00 AM printer

LONDON: Policymakers at the British central bank, the Bank of England (BOE), on Thursday held the bank interest rate unchanged at 0.75 percent.

The BoE said in its March Monetary Policy Committee (MPC) report released Thursday that MPC members voted unanimously to maintain bank rate at 0.75 percent at its meeting ending on March 20, to meet the 2 percent inflation target and help sustain growth and employment, reports Xinhua.

"Since the Committee's previous meeting, the news in economic data has been mixed, but the MPC's February Inflation Report projections appear on track," the MPC noted in the report.