.jpg){kind=avatar}
The central bank made its eighth interest rate hike in less than a year, taking its benchmark rate to 3%, the highest it has been since November 2008. The huge hike matches moves made by the US Federal Reserve on Wednesday and the European Central Bank last week.
“Inflation is too high, and it’s the bank’s job to bring it down,” Governor Andrew Bailey said at a press conference after the announcement. “If we do not act forcefully now it will be worse later on.”
https://www.cnn.com/2022/11/03/economy/bank-of-england-interest-rates/index.html
unknownx500
More posts by Samantha Wulfson
