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UK moves into worst case inflation scenario: into the grip of a wage-price spiral: Prof Martin Weale

UK moves into worst case inflation scenario: into the grip of a wage-price spiral: Prof Martin Weale
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Bank Of England: Bank Rate Increased To 2 25% - September 2022 - Monetary Policy Summary And Minutes Of The Monetary Policy Committee Meeting

<h2>Monetary Policy Summary, September 2022</h2> <p>The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 21 September 2022, the MPC voted to increase Bank Rate by 0.5 percentage points, to 2.25%. Five members voted to raise Bank Rate by 0.5 percentage points, three members preferred to increase Bank Rate by 0.75 percentage points, to 2.5%, and one member preferred to increase Bank Rate by 0.25 percentage points, to 2%. The Committee also voted unanimously to reduce the stock of purchased UK government bonds, financed by the issuance of central bank reserves, by £80 billion over the next twelve months, to a total of £758 billion, in line with the strategy set out in the minutes of the August MPC meeting.</p>

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Bank Of England Hikes Rates 50bps In Split Soft Decision, Confirms QT Gilt-Selling Imminent

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Bank Of England Hikes Rate By 50 Bps; Sees Economy In Recession

LONDON (dpa-AFX) - The Bank of England raised the benchmark rate by a half percentage point on Thursday, defying expectations for a bigger move, as policymakers assessed that the UK economy has

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Bank of England raises interest rate to 2 25 pct

LONDON, Sept. 22 (Xinhua) The Bank of England (BoE) raised its benchmark interest rate to 2.25 percent on Thursday, the highest level since December 2008. Th

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