Bank of England Maintains Base Interest Rate at 0.75%

by Jeong Donghoon

Published 30 Jan.2020 21:16(KST)

The Bank of England building exterior <span>[Image source=Reuters Yonhap News]</span>

The Bank of England building exterior [Image source=Reuters Yonhap News]

[Asia Economy Reporter Donghoon Jeong] The Bank of England (BOE), the central bank of the United Kingdom, held a Monetary Policy Committee (MPC) meeting on the 30th (local time) and decided to keep the base interest rate at 0.75%.

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At this committee meeting, 2 out of 9 members advocated for a rate cut, showing a divided opinion. The UK has kept the base interest rate at 0.75% for over a year since raising it by 25 basis points in August last year.

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This content was produced with the assistance of AI translation services.