Show menu

Bank of England lifts inflation and growth forecasts as it raises interest rates to 4.5%

Thanks! Share it with your friends!

You disliked this video. Thanks for the feedback!

Added by XaniaNews
41 Views
The Bank of England has raised interest rates by a quarter of a point to 4.5% as it forecast inflation would stay higher for longer than previously expected and the economy would perform more strongly.
Subscribe to Guardian Football ► http://is.gd/GuardianFootball

The Bank’s monetary policy committee (MPC) voted by a majority for a 12th successive increase in borrowing costs, continuing its most aggressive rate-hiking cycle since the 1980s in an attempt to dampen UK inflation, which remains in double digits. UK rates are at the highest level since October 2008, when the global economy was in the grips of the financial crisis.

The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https://bit.ly/3uhA7zg

Sign up to the Guardian's free new daily newsletter, First Edition ► http://theguardian.com/first-edition

Website ► https://www.theguardian.com
Facebook ►https://www.facebook.com/theguardian
Twitter ► https://twitter.com/guardian
Instagram ► https://instagram.com/guardian

The Guardian on YouTube:
The Guardian ► https://bit.ly/guardiannewssubs
Guardian News ► https://bit.ly/guardiannewssubs
Guardian Australia ► https://bit.ly/guardianaussubs
Guardian Sport ► https://bit.ly/gdnsportsubs
Guardian Live ► https://bit.ly/guardianlivesubs

#AndrewBailey #BankOfEngland #InterestRate #Inflation #CostOfLiving #UK #News
Category
News and politics
Tags
andrew bailey, andrew bailey news, andrew bailey press conference

Post your comment

Comments

Be the first to comment

Related Articles

Categories

Latest Articles