Sign Up
Stories
Bank of England Raises Rates
Share
Australia's Central Bank Pauses Rate Hik...
Australia's Inflation Cooling
Australia's Inflation Cools, Rate Pause ...
Australia's Central Bank Holds Rate
Australia's RBA Stands Firm
Australian CPI Update and RBA's Response
Overview
API
Bank of England raises interest rates by 25 basis points to 5.25%, marking the 14th consecutive hike as policymakers aim to curb inflation. The Monetary Policy Committee voted 6-3 in favor of the rate increase. Inflation is projected to fall to 4.9% by the end of the year, providing relief for Prime Minister Rishi Sunak. Finance Minister Jeremy Hunt welcomes the news, expecting headline inflation to be below 3% in a year's time without causing a recession.
Ask a question
How might the Bank of England's decision to raise rates affect other central banks and global economic stability?
How might the Bank of England's rate hike impact borrowing costs and consumer spending?
What are the potential implications of inflation falling below 3% in a year's time without causing a recession?
Article Frequency
0.2
0.4
0.6
0.8
1.0
May 2023
Jun 2023
Jul 2023
Coverage