The BOE is trying to strike a balance between taming inflation, which at 2.8% is above the bank's 2% target, and supporting growth.
The Bank of England (BOE) maintained its interest rates with a 7-2 vote. This decision comes as the oil outlook improves, easing some inflationary pressures. The BOE is focused on balancing inflation control, currently at 2.8% against a 2% target, with the need to support…
Market Samachar is a news aggregator. This article was originally published by NDTV Profit - Latest. Tap the button above to read the full story on their site.