Bank of England raises rates by 50 basis points, in seventh consecutive hike

Bank of England raises rates by 50 basis points, in seventh consecutive hike

• U.K. inflation was 9.9% in August, well ahead of the BoE’s 2% target.
• Higher rates come as the U.K. faces a falling pound, recession forecasts and a set of economic reforms under new Prime Minister Liz Truss.

https://www.cnbc.com/2022/09/22/bank-of-england-raises-rates-by-50-basis-points-in-seventh-consecutive-hike.html