Christopher Nye
on February 2nd, 2023 In its last meeting, the Bank of England voted by a majority of 6-3 to raise interest rates by 50 basis points to 3.5%, which pushed borrowing costs to their highest level since late-2008.
The bank’s monetary policy committee agreed that, if the outlook pointed to more persistent inflationary pressures, then it would continue to tighten policy as necessary. Investors will be listening closely to the bank’s decision.
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