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Added on the 02/11/2023 14:14:09 - Copyright : AFPTV - First images
The Bank of England holds its interest rate at a 16-year high, insisting it was not yet the right time to cut with inflation staying high despite a fall to just above three percent. "That's encouraging. But we are not yet at a point where we can cut bank rates," he tells a press conference. IMAGES
The US Federal Reserve votes to hold interest rates at a 22-year high for the third straight meeting and signaled it expects to make three cuts next year. SOUNDBITE
The Bank of England announces in a press conference it is hiking its key interest rate by 0.75 percentage points, the biggest increase in 33 years, to fight inflation set to peak around 11 percent in recession-hit Britain. The latest rate hike mirrors aggressive rate-tightening by central banks worldwide as economies battle the highest prices in decades. SOUNDBITE
Jakarta, Mar 2 (EFE/EPA).- Bank Indonesia cut its forecast for the country's economic growth in 2021 by 0.5 percent from 4.8-5.8 percent range to 4.3-5.3 percent range. (Camera: BAGUS INDAHONO). SHOT LIST: MOTORBIKE RIDERS ON A MAIN STREET IN JAKARTA, AND VENDORS AND CUSTOMERS AT A MARKET IN JAKARTA, INDONESIA.
The Bank of England cuts interest rates for the first time since 2009 and says it will buy 60 billion pounds of government debt to ease the blow from Britain's June 23 vote to leave the European Union. (ROUGH CUT ONLY - NO REPORTER NARRATION)
The first official budget figures since Britain voted to leave the EU show a smaller-than-expected budget surplus. As post-referendum data continues to trickle in, attention is turning to what sort of access Britain will seek with its main trading partners in the EU. Kirsty Basset reports.
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