Tag: Bank of England (BoE)
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Britain’s Inflation Drops To 3.1% In Sept Despite Fuel Price Surge

Britain’s inflation rate dropped to 3.1 percent year-on-year (Y-o-Y) in September following the artificial blip caused by year 2020’s ‘Eat Out to Help Out’ scheme dropped out of the figures. However, analysts are projecting that higher prices are still expected in the months ahead. The Office for National Statistics (ONS) reported on Wednesday that  the […]

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As CBN, Bank Of England Retains Key Monetary Rates

The Bank of England (BoE) Monetary Policy Committee (MPC) members  on Thursday unanimously voted to hold interest rates at their record low of 0.1 per cent, thereby raising fresh concerns over rising levels of consumer price index (CPI) which some experts now believe could hit five per cent. The nine-member MPC unanimously voted in favour […]