UK interest rates cut to 0.25%
UK interest rates cut to 0.25%
London - MENA
UK interest rates have been cut from 0.5% to 0.25% - a record low and the first cut since 2009, the BBC reported on Thursday.
The Bank of England announced a range of measures to stimulate the UK economy including buying £60bn of UK government bonds and £10bn of corporate bonds.
The Bank also announced the biggest cut to its growth forecasts since it started making them in 1983.
It has reduced its growth prediction for 2017 from the 2.3% it was expecting in May to 0.8%.
The decision to cut interest rates to 0.25% was approved unanimously by the nine members of the Monetary Policy Committee (MPC) and is the first change in interest rates since March 2009.
- Friday ,16 November GMT 15:05 2018 World Bank Regional Vice President First Visit to West Bank and Gaza
GMT 14:08 2018 Friday ,14 December
Bank of Russia raises key rateGMT 13:23 2018 Thursday ,13 December
Philippine central bank holds overnight borrowing rate steadyGMT 11:33 2018 Tuesday ,11 December
Top EU court backs legality of ECB bond buyingGMT 20:46 2018 Wednesday ,05 December
World Bank funds water projects in North Kordofan StateGMT 15:06 2018 Friday ,30 November
Egypt, World Bank seek cooperation in solid waste recyclingGMT 12:21 2018 Wednesday ,28 November
BisB silver partner of World Islamic Banking ConferenceGMT 09:19 2018 Thursday ,22 November
AIIB Jin Liqun praises Suez Canal projectsGMT 15:05 2018 Friday ,16 November
World Bank Regional Vice President First Visit to West Bank and Gaza
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 21:49 2017 Thursday ,06 April
HH Deputy Emir Meets CEO of Occidental Petroleum Corporation
GMT 03:53 2017 Sunday ,23 April
UN, Russia set for Syria meet without US
GMT 17:13 2016 Tuesday ,29 November
French vote: Far-right bashes frontrunner Fillon
GMT 11:50 2016 Friday ,22 January
NATO 'discussing' use of AWACS in anti-Daesh operations
GMT 14:55 2017 Friday ,28 April
Sharjah Children's Reading Festival highlights poetry role
GMT 03:24 2017 Friday ,17 November
Commander-in-Chief of AD Police, French Ambassador discuss cooperation
GMT 02:33 2017 Monday ,03 July
FARC leader being treated for stroke: hospital
GMT 00:56 2017 Saturday ,25 February
New authors added to literature festival line-up
GMT 10:39 2016 Thursday ,24 November
Germany third quarter growth confirmed
GMT 08:35 2017 Wednesday ,09 August
UAE Public Sector Drives $300m
GMT 17:14 2017 Wednesday ,19 July
Yasmine Abdel Aziz receives new offers
GMT 16:36 2017 Saturday ,07 October
"International Fatwa" launches multilingual e-platform
GMT 04:05 2017 Friday ,24 November
Angry Birds maker posts loss despite jump in sales
GMT 10:30 2017 Tuesday ,28 November
Consumer agency power struggle underscores Trump
GMT 00:36 2017 Monday ,13 March
Ivory Coast President Meets OIC Secretary-General
GMT 07:59 2018 Thursday ,11 January
Nigeria can avail Pak cooperation in various sectors: PM
GMT 20:38 2017 Wednesday ,30 August
8 civilians killed in airstrike by US-led
GMT 00:37 2017 Thursday ,13 April
UK seeks to boost trade with Oman by a billion pounds
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor