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

Bank of England raises interest rate to 3.5% – highest level in 14 years

Workers' pay demands have been largely in response to cost of living pressures caused by soaring inflation.

‘Further forceful response’: Bank of England raises interest rates to highest in 14 years

Central banks across the world are responding to surging inflation fuelled by the COVID pandemic and Russia’s invasion of Ukraine, although there are signs price increases are peaking.

Bank of England raises key interest rate from 3% to 3.5% in bid to tackle domestic inflation

The Bank of England (BoE) has raised its key interest rate from 3% to 3.5%, the ninth rate rise in a row. The central bank's Monetary Policy Committee (MPC) voted 6-3 in favour of the move and said that further increases in the bank rate may be required to tackle what it fears may be persistent domestic inflation pressures from prices and wages.  Issuing a statement on Thursday, the BoE said, "Domestic wage and price pressures are elevated. Ther

Bank of England raises rates to 3.5 pct, expects more rises to tackle inflation

The Bank of England raised its key interest rate to 3.5 percent from 3 percent on Thursday, its ninth rate rise in a row as it tries to speed inflation’s

Bank of England Hikes Interest Rates Again but Softens Pace

LONDON — Britain’s central bank on Thursday raised its key interest rate again but toned down the pace as inflation… Continue reading Bank of England Hikes Interest Rates Again but Softens Pace The post Bank of England Hikes Interest Rates Again but Softens Pace appeared first on The National Herald.

Bank of England raises interest rates to highest level in 14 years

THE Bank of England raised UK interest rates to their highest level for 14 years.