Get access to our best features

Bank of England readies for biggest rate rise since 1989

Summary by Ground News
The Bank of England looks on track to raise interest rates by three quarters of a percentage point to 3% later on Thursday. The BoE has faced political and financial market turmoil since its last rate rise on Sept. 22. Consumer price inflation returned to a 40-year high of 10.1% in September.
Published 3 months ago · London, United Kingdom

News Articles

More Filters
All
Left
Center
Right

Bank of England makes biggest interest rate hike in 30 years

The central bank boosted its key rate by three-quarters of a percentage point, to 3%, after consumer price inflation returned to a 40-year high in September. The aggressive move comes as the bank foresees a “very challenging outlook" for the UK economy, expecting it “to be in recession for a prolonged period” and inflation to stay high for the next year.

3 months ago·Mumbai, India
Read Full Article

Bank of England Set for Biggest Interest Rate Hike in 33 Years

The move would mirror aggressive rate-tightening by central banks worldwide as economies battle the highest prices in decades

3 months ago·India
Read Full Article

Bank of England raises rates by most since 1989 even as long recession looms

The Bank of England raised interest rates by the most since 1989 on Thursday but warned investors that the risk of Britain's longest recession in at least a century means borrowing costs are likely to rise less than they expect.

3 months ago·United Kingdom
Read Full Article

Interest rates likely to jump as markets await Bank of England decision

Analysts believe a 0.75 percentage point rise is likely, potentially the biggest hike in the base rate since 1989

3 months ago·London, United Kingdom
Read Full Article

Bank of England makes biggest interest rate hike in 30 years

The U.K. central bank may opt to raise rates by as much as 1 percentage point to show it is serious about tackling inflation

3 months ago·India
Read Full Article

Bank of England announces biggest rate hike in 30 years

The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation fuelled by Russia's invasion of Ukraine and the disastrous economic policies of former prime minister Liz Truss.

3 months ago·Canada
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

42% of the sources are Center
The Guardian
The Hindu
CBC News
The Independent
Associated Press News
abc News
+11
Reuters
CNBC
South China Morning Post
News24
KVIA
Channel News Asia
+15
Times of India
News18 India
The Telegraph
The Straits Times
The Sun
MY Northwest
+6
Daily Express
L 33%
C 40%
R 27%
See less detail