Bank of England Raises Interest Rates 75bps to 3% in Biggest Rise in 30 Years

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  • #46999
    Helmholtz Watson
    Participant

    The Bank of England MPC at its November meeting Thursday raised the key bank rate by 75 bps from 2.25% to 3.00% as expected. BoE’s benchmark rate has
    [See the full post at: Bank of England Raises Interest Rates 75bps to 3% in Biggest Rise in 30 Years]

    #47266
    TradersCom
    Keymaster

    Bank of England Chief Economist Pill pushed back against suggestions that policymakers are too focused on reducing inflation at the expense of growth.

    The latest trading update from British homebuilder Persimmon noted a decrease in sales and prices of new homes alongside a rise in cancellation rates.

    #47376
    TradersCom
    Keymaster

    Thursday, Nov. 10

    BOE Deputy Governor Ramsden participates in a panel at the Next STEP Global Conference 2022 hosted by PIIE and National University of Singapore’s Lee Kuan Yew School of Public Policy in Singapore

    BOE’s Tenreyro delivers a keynote speech at the Society of Professional Economists Annual Conference in London

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