Bank of England interest rate rise: why this could be the last increase for a while
Headline from The Conversation US
The Bank of England is factoring more than sky-high inflation into its base rate decisions right now.
The Conversation US's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The Bank of England is set to raise interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. Financial markets
The central bank lifted its benchmark rate a quarter point, to 4.5 percent, as part of its aggressive policy to tame inflation, which has remained stubbornly high.
The Bank of England raised interest rates in the U.K. to their highest level in 15 years Thursday as the central bank tries to bring some of Western Europe’s stickiest inflation to bear.
The Bank of England raised interest rates by a quarter of a percentage point Thursday, hiking for the twelfth consecutive time as it battles inflation above 10%.
