Thursday, March 23, 2023

Bank of England Increases Rates by 0.25%

The Bank of England has increased rates by 0.25% to 4.25%, nd stated that more will be done if inflation persists.

I am bound to ask, given that inflation is over 10% exactly what signal do they need to increase rates more seriously?

I wonder if they know that their target for inflation is meant to be 2%?

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