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Bank of England hikes interest rates to highest level in 14 years

From upi.com

The Bank of England voted to raise interest rates Thursday amid concern that the British economy might be entering a recession during a pervasive energy crisis that's gripping most of Europe. Britain's central bank voted to raise rates another 0.5%, to 2.25%, following an identical hike in August. Thursday's was the bank's seventh straight rate hike since December, and the interest rates are at their highest level since 2008. The increase, however, was less severe than some economists expected. Inflation concerns remain after Britain's economy slid by 0.1% in the third quarter of 2022, but that decline was ... (full story)

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  • Category: Fundamental Analysis