Farmers Elevator Company of Alvarado

Home
About Us
FECA Services
Seed
Cash Bids
Personnel
Grower Incentive
 


 
Printable Page Headline News   Return to Menu - Page 1 2 3 5 6 7 8 13
 
 
BofE Keeps Interest Rates Steady       03/05 06:31

   LONDON (AP) -- The Bank of England has opted to keep interest rates steady 
at 0.5 percent even as the economic recovery brings the prospect of rate hikes 
closer.

   The rates have been at the same level since March 2009, during the global 
financial crisis. But with annual inflation at 0.3 percent, and the possibility 
of an outright drop in prices in coming months, there was little pressure on 
policymakers to act Thursday.

   Governor Mark Carney has suggested rates could fall if inflation remains 
low, but said that's unlikely. Carney has said he expects the next move in bank 
policy to be a rate rise.

   Samuel Tombs, economist at Capital Economics, says the bank is likely to 
remain in "wait and see" mode until the summer, when things should become 
clearer.


(KA)


 
Home   Product   Services   About   Contact
Copyright 2006 Farmers Elevator Company of Alvarado