Bank of England hikes interest rates for 12th time in battle with inflation
Published
The Bank of England raised interest rates by a quarter of a percentage point Thursday, hiking the cost of borrowing for the twelfth consecutive time as it battles inflation above 10%. The decision takes the main borrowing rate for commercial banks in the United Kingdom to 4.5%, the highest since…
#bankofengland #unitedkingdomto45 #usfederalreserve #europeancentralbank #unitedkingdom #mpc #ons #bankofenglands