BoE expected to raise interest rates as inflation rises - reports

0.15 percentage points

clock • 3 min read
The Bank of England is itself targeting net zero before 2050
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The Bank of England is itself targeting net zero before 2050

The Bank of England (BoE) could announce an interest rate hike on Thursday (4 November) marking a departure from the almost two-year all-time low for the official rate of 0.1% since the start of the coronavirus pandemic in March last year, according to a report in the Financial Times.

According to the report, traders estimate the central bank will tighten its monetary policy by at least 0.15 percentage points, though it also highlights that some economists and investment experts are...

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