Bank of England hikes interest rate by 50 bps : The Tribune India

Bank of England hikes interest rate by 50 bps

London, September 22

Britain’s central bank raised its key interest rate by another half-percentage point Thursday, avoiding more aggressive steps to tame inflation that the US Federal Reserve and other banks have taken.

The Bank of England raised its benchmark rate to 2.25%, matching its half-point increase last month — the biggest hike in 27 years. — AP

#England #inflation

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