Bank of England Raises Interest Rates 25bps to 4.50%, Inflation Remains Too High

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  • 11 May '23 at 6:00 am #58368
    Helmholtz Watson
    Participant

    The Bank of England MPC at its May meeting Thursday raised the key bank rate by 25 bps from 4.25% to 4.50% as expected. It was the 12th consecutive ra
    [See the full post at: Bank of England Raises Interest Rates 25bps to 4.50%, Inflation Remains Too High]

    11 May '23 at 9:18 am #58388
    TradersCom
    Keymaster

    BOE’s Bailey Speaking in a Bloomberg interview after BOE raised rates

    We are approaching the point when we should be able to let level of rates rest
    We have not yet seen evidence that allows us to be sure rates can stay on hold

    Bailey said BoE will “stay the course” on inflation

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