75221
BoE Set to Raise Interest Rates
BoE Set to Raise Interest Rates

BoE Set to Raise Interest Rates

BoE Set to Raise Interest Rates

The Bank of England is set to raise interest rates for the first time in a decade to combat rising inflation, according to economists. They believe that members of the Bank’s Monetary Policy Committee will vote 6-3 in favor of lifting the base rate from 0.25 to 0.5%, Yahoo reported. However, with inflation climbing to 3%, well above the MPC’s 2% target, the market believes that rates will be hiked on Thursday, the first in a series of slow, gradual increases.

Short URL : https://goo.gl/FGCesp
  1. https://goo.gl/GFYSbR
  • https://goo.gl/53qapa
  • https://goo.gl/bKk2jG
  • https://goo.gl/9RfKFa
  • https://goo.gl/5GsiVf

You can also read ...

India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...
All Asian currencies have declined this year in the fallout from the US-China trade war.
Don’t be fooled as Asian currency swings seemed to be...
Africa Next Frontier for Crypto
Cryptocurrency is not bound by geography because it is...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus