Christopher Nye
on March 20th, 2023 In its February meeting, the Bank of England‘s monetary policy committee voted by a majority of 7-2 to hike interest rates by 50bps to 4%. This pushed the UK’s borrowing costs to their highest in over a decade.
Economists predict that on Thursday, the Bank will decide on a 25bp hike to 4.25% in order to tame high inflation.
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