The central bank held its main interest rate steady, but warned
that inflation, after rising at a faster than expected pace in May, could remain above the central bank’s target “for an extended period.”
The central bank’s monetary policy committee voted 5 to 3 to keep its benchmark interest
rate at 0.25 percent, the level since August when it was cut to a historic low.
Booz Allen Hamilton, the consulting firm, said on Thursday
that the Justice Department was conducting an investigation related to some of its cost accounting and indirect cost charging practices with the United States government.
The Bank of England said that inflation, at 2.9 percent, had risen well above the
monetary policy committee’s expectations and could exceed 3 percent by autumn.
Many economists had expected the central bank to keep the rate steady, but not by such a narrow vote.
Movers: Tech Stocks Decline, and Booz Allen Is Investigated -
By THE NEW YORK TIMESJUNE 15, 2017
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