interest rate

Post-Brexit Bounce in UK factories Sparks Bank of England Rate Cut Doubts

By David Milliken LONDON, Sept 1 – British manufacturing staged one of its sharpest rebounds on record in August, a post-Brexit surprise that could prompt the Bank of England to rethink the need to cut interest rates again if other surveys confirm the trend. The recovery far outstripped all economists’ forecasts, delivering the strongest signal

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Turkish Central Bank Holds Interest Rates in Surprise Move

ISTANBUL, Dec 22 – Turkey’s central bank left its main one-week repo interest rate unchanged at 7.5 percent on Tuesday, a surprise move likely to heighten concern about threats to its independence and heap more pressure on a struggling lira currency. Analysts and investors have repeatedly called for a rate hike to rein in inflation

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