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Monday, June 13, 2011

United Kingdom's Central Bank kept interest rates at 0.5% unchanged in line with market expectations

19:00 hexun Exchange message Beijing time United Kingdom June central bank interest rates a resolution maintaining 0.5% benchmark interest rate unchanged, this result is consistent with market expectations. Scale at 200 billion pounds while maintaining the quantitative easing unchanged, although this result is in line with market expectations, but the fall of the pound against the US dollar still appears a short, below 1.64. United Kingdom central banks announced interest rate and made no statement after the resolution.

    Wednesday (8th) news that ratings agency Moody's warned United Kingdom will lose its AAA rating, Sterling fell sharply. Then Moody's come forward to clarify will continue to maintain United Kingdom AAA rating Outlook stable, but if the United Kingdom and the decline in economic growth weak fiscal consolidation or reconsidering the rating. United Kingdom central banks have interest rates remain unchanged for the 27th month in a row, this seems to suggest the United Kingdom or inflation performance in a more optimistic, and Fed Chairman Ben Bernanke on Tuesday evening speech revealed that United States economic recovery has been slow, when the economy is flagging performance in Europe and United Kingdom economy is confidence inspiring. And in fact United Kingdom inflation rises to inflation of more than 1 time, to reach 4.5%, at the same time face pending problems recent rise in oil prices and price increases of public utility companies, United Kingdom some members of the Central Bank can only temporarily tolerated.