Published 2 years ago

Bank of England says it "will not hesitate" to raise rates

Summary by Ground News

Bank of England says it would not hesitate to change interest rates by as much as needed to bring down inflation. Bank of England: 'We would not be afraid to raise interest rates if it was needed to reduce inflation' 'We are not afraid to increase interest rates,' says governor Mark Carney.

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Times of India

After pound’s decline, Bank of England may raise interest rate

On Monday, the Sterling, Great Britain’s currency, fell by 5% to $1.0327; the Sterling stabilised at around $1.08. The Bank of England announced that they would make necessary changes in the interest rate per the situation.

2 years ago·India

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BBC News

Bank will 'not hesitate' to raise interest rates after pound's fall

The Bank of England said it was "monitoring developments closely" after the pound hit a record low.

2 years ago·United Kingdom

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The Independent

Bank warns interest rates to rise by ‘as much as needed’ to rein in inflation

Governor’s comments will fuel expectations of rise in cost of borrowing and mortgages

2 years ago·London, United Kingdom

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Reuters

Global rates, retail banking included in Bank of England stress test

LONDON -Banks' ability to cope with rising global interest rates and the resilience of their retail divisions to market shocks will be under scrutiny in this year's "stress test", the Bank of England said on Monday. The test checks if banks hold enough capital to cope with theoretical shocks and aims to avoid a repeat of situations where taxpayers have to bail out lenders as they did in

2 years ago·United Kingdom

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abc News

Bank of England says it would "not hesitate to change interest rates by as much as needed" to bring down inflation

2 years ago·United States

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The Washington Post

British pound plunges to new low as tax cuts spark concern

The British pound fell to all-time low against the U.S. dollar early Monday after Treasury chief Kwasi Kwarteng pledged a sweeping package of tax cuts, fueling concerns about the government’s economic policy as the United Kingdom teeters toward recession.

2 years ago

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