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Bank of England delivers big rate hike

Bank of England delivers big rate hike
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bank of england rate hike: Bank of England raises rates by 50 bps to 5%, highest since 2008

BoE has increased interest rates higher than the predicted 0.25% increase, following the increase in British inflation and wages since its last meeting in May. The move, which is its biggest rate increase since February and takes the rate to its highest since 2008, was decided by a 7-2 vote by the Monetary Policy Committee

United kingdomCity ofJeremy huntDavid millikenJoachim nagelJerome powellSilvana tenreyroAndrew baileySwati dhingraEuropean central bankBoe monetary policy committeeBank rateBoe bank rateMonetary policy committeePresident joachim nagelReserve chair jerome powell

Bank of England hikes rates to 5% in surprise move to tackle stubborn inflation - Business & Finance

LONDON: The Bank of England raised interest rates by a bigger-than-expected half a percentage point on Thursday.

United kingdomCity ofJoachim nagelJeremy huntSilvana tenreyroAndrew baileyJerome powellSwati dhingraBank rateBoe bank rateEuropean central bankBoe monetary policy committeeMonetary policy committeePresident joachim nagelReserve chair jerome powell

Dollar, yields rise after Powell comments, Bank of England rate hike

Dollar, yields rise after Powell comments, Bank of England rate hike
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Bank of England shocks with half a percentage point rate hike to combat stubborn inflation

Bank of England watchers had expected a quarter point increase

United kingdomJerome powellJoachim nagelJeremy huntSwati dhingraAndrew baileySilvana tenreyroEuropean central bankBoe monetary policy committeeBank rateBoe bank rateMonetary policy committeePresident joachim nagelReserve chair jerome powell