LONDON, Sept. 26 (Xinhua) -- The Bank of England (BoE) said on Monday it "will not hesitate to change interest rates as necessary" after the British pound tumbled to a new record low against the U.S. dollar.
It will make a full assessment at its next scheduled meeting of the impact on demand and inflation from the government's announcements, and the fall in sterling, and act accordingly, the United Kingdom's (UK) central bank said in a statement, dampening the prospects of an emergency rate rise to shore up the pound.
