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LONDON Thiago Alcantara Spain Jersey , Nov. 7 (Xinhua) -- British central bank, the Bank of England, announced Thursday that it would keep its benchmark interest rate unchanged at a record low of 0.5 percent.
The bank's Monetary Policy Committee (MPC) voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 percent, and also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at 375 billion pounds (601 billion U.S. dollars).
The British central bank said in early August that it would keep the benchmark interest rate at the record low level Sergio Rico Spain Jersey , which was started since March 2009, until British unemployment drops to 7 percent or below, which is forecast to last until late 2016.
The last official unemployment figures showed the jobless rate had dropped to 7.7 percent in the June-to-August period.
The economy grew by 0.8 percent in the third quarter of the year, and recent economic surveys have indicated that growth remained strong in October.
British PM claims economic success as UK economy grows
LONDON Sergio Ramos Spain Jersey , Nov. 4 (Xinhua) -- British Prime Minister David Cameron said Monday that the UK economy was "growing well" with one million more people in work and 400,000 more businesses created over the past three years.
"The economy is growing, and growing well and is forecast to grow three times faster than the German economy. Our economy is on track," Cameron told an audience of top businessmen at the Confederation of British Industry's (CBI) annual conference held in central London.
COLOMBO Sergio Busquets Spain Jersey , May 30 (Xinhua) -- Sri Lanka on Tuesday defended its preparedness to face natural disasters following floods and landslides which killed nearly 200 people so far.
Cabinet spokesman Rajitha Senaratne told reporters that Sri Lanka was caught by surprise when the heavy rain brought floods and landslides.
He said that early warnings had been issued for areas prone to landslides but some people disregarded the warnings.
Meanwhile the United Nations said that based on previous emergencies, drinking water and non-food items (NFIs) were identified as immediate needs by the National Disaster Relief Services Center in Sri Lanka.
The full extent of damage and needs is expected to be more clear once additional areas become accessible.
Sri Lanka's Disaster Management Center has activated the International Space Charter Center to obtain satellite imagery to support analysis of the flood damage. Cloud coverage, however, is constraining collection of images.
The Chinese government has said it will offer humanitarian aid worth 15 million yuan (about 2.2 million U.S. dollars) to Sri Lanka for its flood relief efforts.
The relief supplies include tents Santi Cazorla Spain Jersey , blankets and others which Sri Lanka is in urgent need of, and will be sent to the country in the shortest time, the Ministry of Commerce said in a statement.
Dragon Boat Festival marked around China
Chinese-built railway pushes forward Kenya's modernization drive
Performers demonstrate sword fighting on horseback in Kaifeng
In pics: Clouds at sunrise over Didang Lake in E China
Cheongsam show held at Sanshuiwan scenic spot in Taizhou City
In pics: Amboseli National Park in Kenya
In pics: outdoor cultural performance given by Ulanmuqi in N China
Water park attracts many citizens in SW China's Chongqing
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