Bank of England hikes interest rates by 25 basis points after inflation surprises
The Bank of England on Thursday hiked interest rates to their highest level since 2008, as it grapples with persistent high inflation against the backdrop of concerns over the banking system.
Published 2 months ago · London, United Kingdom
Times of India
Bank of England hikes interest rates by 25 bps after inflation surprises
Sounding more upbeat about the outlook for the country's slow pace of economic growth, the BoE's nine rate-setters voted 7-2 in favour of a 25 basis-point increase in Bank Rate to 4.25%.
2 months ago·Mumbai, IndiaRead Full Article
U.K. central bank hikes rates like U.S. Fed amid financial turmoil
The Bank of England focused on fighting inflation, announcing an 11th consecutive interest rate increase Thursday despite concerns about the economic fallout from troubles in the global financial system.
2 months ago·Toronto, CanadaRead Full Article
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