The Bank of England raised its base interest rate from 1.25% to 1.75% amid rising inflation. This is stated on the website of the regulator. “This month we raised our interest rate to 1.75%,” the statement said. The regulator announced its intention to strive to reduce inflation to 2%. Earlier, the US Federal Reserve raised its base interest rate by 75 basis points. p. - up to 2.25-2.5% per annum.
This is stated on the website of the regulator.
“This month we raised our interest rate to 1.75%,” the statement said.
The regulator announced its intention to strive to reduce inflation to 2%.
Earlier, the US Federal Reserve raised its base interest rate by 75 basis points.
p. - up to 2.25-2.5% per annum.