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Bank of England Lifts Interest Rate by Quarter-Point, Just Like Fed

Por: MarketWatch Business May 11, 2023

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The increase marks the 12th consecutive move after the central bank started tightening in December 2021—a few months earlier than the Fed. It puts the main BoE rate at 4.5%. That’s higher than the ECB’s , but below the Fed’s range of 5% to 5.25%. Governor Andrew Bailey unveiled the BoE’s latest economic forecasts. Inflation hasn’t slowed as much as the bank had expected in February, the last time it updated its projections. The... + full article



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