Wednesday, July 23, 2014   

UK inflation drops below Bank of England target rate
(02-18 18:22)

Britain's 12-month inflation slowed to 1.9 percent in January, the lowest level for more than four years, official data show.
In December, it had stood at 2 percent, the Bank of England's target rate.
With inflation low and British unemployment not yet below 7 percent, the Bank of England is likely to keep its main interest rate at a record-low level of 0.50 percent this year, according to economists.
On a month-on-month basis, the Consumer Prices Index fell 0.6 percent in January, the Office for National Statistics added in a statement.—AFP

   
Other Business breaking news:
Nikkei flat at mid-day (07-23 10:46)
Hang Seng hits high since December (07-22 16:30)
European markets open higher (07-22 15:33)
Credit Suisse posts heavy loss after fine (07-22 15:07)
Nikkei closes higher on weaker yen (07-22 14:09)
Hang Seng jumps by break (07-22 12:30)
Nikkei up by break (07-22 10:59)
Taiwan exports surge on higher mobile demand (07-21 17:46)
HK inflation eases in June (07-21 17:36)
China, Switzerland sign currency swap deal (07-21 17:27)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.