Today news
About the same in other media
22.11 - 20:41
Bank of England Raises Key Interest Rate by 0.75 Point
Reading now: 652
The Bank of England raised its key interest rate by 0.75 percentage point on Thursday, its largest rise since 1989, as it fights a surge in inflation from rising energy prices even as the U.K. economy slides into an expected recession.
The central bank raised its benchmark lending rate to 3% from 2.25%, taking it to the highest level since November 2008. Higher borrowing costs will hurt an already weak economy as consumers brace for a difficult winter of falling real incomes and rising prices.
Read more on wsj.comAbout this in other media
Bank of England Raises Key Interest Rate by 0.75 Point wsj.com /2 years ago
Federal Reserve Chief Tells Markets to Focus on Interest-Rate Endpoint wsj.com /2 years ago
Federal Reserve Chief Tells Markets to Focus on Interest-Rate Endpoint wsj.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
