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British economy

World news about “British economy” published by euronews.

07/08 14:35 CET

UK borrowing costs unchanged, policymakers give recovery time to build

UK borrowing costs unchanged, policymakers give recovery time to build

There was no interest rate change from Britain's central bank at the August policy meeting. The cost of borrowing remained at a record low 0.5 percent. With the UK economy set to grow by more than 3.0 percent this year, the Bank of England is widely expected to be the first…