Bank of England set to join Fed in raising interest rates again amid high UK inflation
Bank of England rate hike decision: 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 UK central bank will increase its benchmark rate by a quarter of a percentage point, to 5.25 per cent.
Bank of England rate hike decision: The Bank of England is set to raise interest rates Thursday for the 14th time in a row to a fresh 15-year high. Image: Reuters