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Reuters
Reuters
Business

BoE delays rate decision meeting by a week after Queen's death

FILE PHOTO: General view of the Bank of England in London, Britain, October 22, 2021. REUTERS/Tom Nicholson

The Bank of England on Friday postponed next week's interest rate decision following the death of Queen Elizabeth, its first delay to a monetary policy meeting since the central bank became operationally independent 25 years ago.

Sterling fell half a cent against the dollar as the BoE said it was rescheduling its next announcement on interest rates and other decisions until Sept. 22 from an original date of Sept 15.

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