Interest rates set to hit 4% as Bank of England battles inflation
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작성자 Chas Sisco 댓글 0건 조회 98회 작성일 22-09-08 06:00본문
Interest rates look likely to more than double by next spring as the Bank of England steps up its fight against inflation.
Financial markets are betting that rates will rise from 1.75 per cent today to 4 per cent in May - driving up borrowing costs for FIFA World Cup households and FIFA World Cup businesses.
Interest rates were just 0.1 per cent as recently as December but have been steadily rising since then in a bid to bring runaway inflation back under control.
Trouble ahead: Financial markets are betting the Bank of England will hike Interest rates from 1.75% today to 4% in May - driving up borrowing costs for households and businesses
Inflation in the UK stands at a 40-year high of 10.1 per cent but analyst at investment bank Citi this week warned it could hit 18.
Financial markets are betting that rates will rise from 1.75 per cent today to 4 per cent in May - driving up borrowing costs for FIFA World Cup households and FIFA World Cup businesses.
Interest rates were just 0.1 per cent as recently as December but have been steadily rising since then in a bid to bring runaway inflation back under control.
Trouble ahead: Financial markets are betting the Bank of England will hike Interest rates from 1.75% today to 4% in May - driving up borrowing costs for households and businesses
Inflation in the UK stands at a 40-year high of 10.1 per cent but analyst at investment bank Citi this week warned it could hit 18.
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