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  Bank of England holds interest rate at 5 per cent despite US Fed rate cut | Future UK rate outlook

  Business | September 19, 2024 18:20 IST

  The Bank of England has maintained its interest rate at 5%, contrasting with the US Federal Reserve’s rate cut to 4.8%. Inflation concerns in the UK, particularly in the services sector, have driven this cautious approach.

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  Bank of England keeps its main interest rate unchanged at a 16-year high of 5.25% ahead of UK polls

  Business | June 20, 2024 18:12 IST

  BoE Governor Andrew Bailey said in a statement alongside the decision that it was "good news" that the latest data had shown inflation was back at its 2% target, but that it was too soon to cut rates

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  RBI transfers 1000 tonnes of gold from UK to its vaults in India

  Business | May 31, 2024 17:13 IST

  In the biggest logistical exercise to move huge quantity of gold since 1991, the Reserve Bank of India transfers 1000 tonnes of gold to its vaults in India. The move is guided by the management of overseas gold reserve considering its rise in recent years.

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  Know the oldest surviving banks of the world

  May 22, 2014 6:56 IST

  New Delhi: In today's busy corporate life, banks serves as a lifeline to everyone with the services they provide us. In fact we can see a number of new and old banks around us which