Author: Bank of Valletta plc

At its policy meeting on Thursday, the Bank of England’s Monetary Policy Committee voted unanimously to keep its benchmark interest rate at a historic low of 0.1 per cent and left the size of its bond-buying programme unchanged. The bank noted that “deve­lopments in global GDP growth have been somewhat stronger than anticipated” since its last report in May. It added that global price pressures have picked up further. Looking ahead, the BoE stated that the committee expects the economy to experience a temporary period of strong GDP growth and above-target inflation, “after which growth and inflation will fall back”.…

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