Bank Average News Today : Breaking News, Live Updates & Top Stories | Vimarsana

happened since 2007. global inflationary pressures have intensified sharply in the build up to and following the invasion. this has led to a material deterioration in the outlook for world growth. this is what the bank of england s official interest rate is now, the highest in 13 years. but not very high, because for the last 13 years they have been at emergency rates. look at the historic average for the bank average for the bank of england s rate, 7.2%. then if you look at the highest it has been, in 1979, 17%. interest rates, when inflation was last this high, 30 years ago, were nearly 10%. but economists don t think today s still super low rates will get anywhere near that. markets are expecting the interest rate to reach 2.5% by the end of this year, which we think is probably too high. raising interest rates is meant to cool down the economy by making it more expensive to borrow cash to spend or invest.

Material deteriorationBank of englandEmergency ratesInterest rateBank averageInterest rates7 2The world economy02 5