Published 1 year ago

Bank of England raises rates to 3.5%, expects more rises to come

Summary by RTÉ

The Bank of England raised its key interest rate to 3.5% from 3% on Thursday, its ninth rate rise in a row as it tries to speed inflation's return to target after price growth hit a 41-year high in October.

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Times of India

Bank of England raises rates to 3.5%, expects more rises to come

"The labour market remains tight and there has been evidence of inflationary pressures in domestic prices and wages that could indicate greater persistence and thus justifies a further forceful monetary policy response," the BoE said.

1 year ago·India

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BBC News

UK interest rates raised to highest level for 14 years

The Bank of England lifts borrowing costs to 3.5% from 3%, the ninth rise in a row.

1 year ago·United Kingdom

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News18 India

HDFC Bank Raises FD Interest Rates By Up To 50 bps; Check Latest Rates

On deposits maturing in 6 months 1 day to 9 months, HDFC Bank has raised interest rates by 50 basis points to 5.75 per cent

1 year ago·India

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The Guardian

Bank of England raises interest rates to 3.5%

The Bank of England has raised interest rates by 0.5 percentage points to 3.5% in an effort to combat double-digit inflation that has caused a widespread

1 year ago·London, United Kingdom

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The Independent

BoE hikes interest rates in fresh blow to mortgage holders – live

Officials raise base rate for ninth consecutive time

1 year ago·London, United Kingdom

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Reuters

Bank of England raises rates to 3.5%, expects more rises to come

LONDON, Dec 15 (Reuters) - The Bank of England raised its key interest rate to 3.5% from 3% on Thursday, its ninth rate rise in a row as it tries to speed inflation's return to target after price growth hit a 41-year high in October.

1 year ago·United Kingdom

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