Bank of England maintains interest rate at 4 pct amid sticky inflation
LONDON, Sept. 18 (Xinhua) -- The Bank of England (BoE) has kept its benchmark interest rate unchanged at 4 percent as Britain's latest inflation level almost double the bank's target, according to a statement released by Britain's central bank on Thursday.
At its meeting ending Wednesday, the BoE's Monetary Policy Committee (MPC) voted by a majority of seven to two to maintain the rate, with two members favoring