Bank of England mulls biggest rate hike in 25 years
International Business News – Under pressure from European and American central banks to tighten monetary policy, the UK Monetary Policy Committee will meet on Thursday to discuss raising interest rates by 50 basis points. Following the European Central Bank and…
Bank of England’s biggest rate hike since 1995
International Business News – On the 4th local time, in order to curb inflation, the Bank of England announced a 50 basis point interest rate hike, raising the benchmark interest rate from 1.25% to 1.75%, which is the largest rate…