Bank of England Interest Rate Hike - Assembly - Salesforce Research

Bank of England Interest Rate Hike - Assembly - Salesforce Research

Summary

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The Bank of England has surprised investors by raising interest rates to 5% as part of its ongoing effort to curb inflation. This follows a series of hikes since November 2021 and indicates the central bank's willingness to prolong its tightening cycle in response to persistent inflationary pressures and a tight labour market. Economists now predict that the bank may eventually raise rates to as high as 5.75%.

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