Bank of England hikes interest rates by 25 basis points after inflation surprises

UK central bank hikes rates like Fed amid financial turmoil

The Bank of England extended its battle against inflation Thursday, announcing an 11th consecutive interest rate increase despite concerns about the economic fallout from troubles in the global financial system.

Bank of England raises rates, says inflation set to fade

The Bank of England – which is trying to reconcile the weak economic outlook and anxieties about global banks with stubborn inflation – repeats a message that suggests raising rates is less urgent

More central banks hike rates despite banking-sector turmoil

The Bank of England joined Norway and Switzerland in hiking interest rates Thursday to tackle stubbornly-high inflation, though banking-sector turmoil could soon lead to a pause in US tightening as hinted by the Federal Reserve. Interest rates hikes A day after the Fed lifted US borrowing costs by 25 basis points, the BoE did the same as its key rate reached 4.25 percent – the highest level since the 2008 global financial crisis. ALSO READ:  Ano…

Why did the Bank of England raise interest rates and what will it mean for me?

Interest rates were lifted to 4.25 from 4 on Thursday.

UK central bank hikes rates like Fed amid financial turmoil

The Bank of England has extended its battle against inflation, announcing an 11th consecutive interest rate increase despite concerns about the economic fallout from troubles in the global financial system.

UK interest rates hiked to 4.25% after surprise inflation rise

Interest rates have gone up to 4.25% – their highest level in 15 years. But although the Bank of England warned that inflation was stubbornly high – they said the economy was getting stronger. The bank’s governor, Andrew Bailey, dismissed suggestions that there could be a possible repeat of the 2008 financial crisis, insisting that UK banks are robust.