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Gold price largely ignores BoE rate hike as central bank downplays inflation threat

Gold price largely ignores BoE rate hike as central bank downplays inflation threat
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Bank Of England: Bank Rate Increased To 4 5%

<h2>Monetary Policy Summary, May 2023</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 10 May 2023, the MPC voted by a majority of 7–2 to increase Bank Rate by 0.25 percentage points, to 4.5%. Two members preferred to maintain Bank Rate at 4.25%.</p>

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DOKUMENTATION/Erklärung der Bank of England zur Ratssitzung

DJ DOKUMENTATION/Erklärung der Bank of England zur Ratssitzung Dow Jones Newswires sendet im Anschluss den von der Bank of England (BoE) veröffentlichten Text zur Ratssitzung vom 11. Mai 2023 im Wortlaut.

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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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