Bank of England set to raise rates again as inflation heads for 10%

Summary by Ground News

Bank of England under pressure to raise interest rates more aggressively. Concern that the quarter-percentage-point hike expected Thursday will do little to combat price increases. War in Ukraine has boosted food and energy prices as fighting disrupts shipments of oil, natural gas, grain and cooking oil.

3 months ago·London, United Kingdom

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Reuters

BoE nudges rates up again but says it's ready to act forcefully

The Bank of England stuck to its gradual increases in interest rates on Thursday, as other central banks took more urgent action, but said it was ready to act "forcefully" if needed to stamp out dangers posed by inflation it now sees topping 11%.

3 months ago·United Kingdom

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The Independent

Bank of England poised to hike interest rates to 1.25%

Base rate of interest currently stands at 1 per cent - its highest point in 13 years

3 months ago·London, United Kingdom

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abc News

Bank of England under pressure to aggressively raise rates

The Bank of England is under pressure to raise interest rates more aggressively amid concern that the quarter-percentage-point increase expected Thursday will do little to combat price increases that have pushed inflation to a 40-year high

3 months ago·United States

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Washington Times

Bank of England hikes interest rates but resists bolder move

The Bank of England raised interest rates by a quarter-percentage point Thursday, shrugging off pressure for a bolder move to combat price increases that have pushed inflation to a 40-year high.

3 months ago·Washington, United States

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CNN

Bank of England hikes interest rates again as inflation heads towards 11%

The United Kingdom's central bank has hiked interest rates for a fifth time since December in a bid to tame spiraling inflation.

3 months ago·Atlanta, United States

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Associated Press News

Bank of England hikes interest rates but resists bolder move

The Bank of England has raised interest rates by a quarter-percentage point, shrugging off pressure for a bolder move to combat price increases that have pushed inflation to a 40-year

3 months ago·United States

Read Full Article