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Bank of England set to join Fed in raising interest rates again amid high UK inflation

Por: ABC News Business August 03, 2023

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LONDON -- The Bank of England is set to raise interest rates Thursday for the 14th time in a row to a fresh 15-year high and keep the door open for further increases in the months to come as it tries to tamp down persistently high inflation.Most economists think the U.K. central bank will increase its benchmark rate by a quarter of a percentage point, to 5.25%.There had been fears, certainly among hard-pressed households and businesses, that the... + full article



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