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Bank of England keep rates at 15-year high, rules out quick cuts to help economy

LONDON (Reuters) -The Bank of England held interest rates at a 15-year peak on Thursday and said it did not expect to cut them any time soon as it fights to "squeeze out of the system" the highest inflation of the world's big rich economies. Despite publishing forecasts which show the British economy skirting close to a recession and flat-lining in the coming years, the BoE held Bank Rate at 5.25% for the second meeting in a row after 14 back-to-back increases. It also reinforce...
United Kingdom City Of Sarah Breeden Megan Greene Catherine Mann Jonathan Haskel
Source: yahoo.com

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