(Alliance News) - The Bank of England on Thursday lifted interest rates by 25 basis points again as it grapples against rampant inflation and the central bank markedly lifted its economic outlook for the UK, predicting a recession will be averted.
The q. | 07:26am
(Alliance News) - The Bank of England lifted interest rates by 25 basis points again on Thursday and in a press conference following the decision Governor Andrew Bailey said the central bank will not give a "directional steer" on the future of interest r. | 08:22am
TOP NEWS: BoE ups rates by 25 basis points, says UK to avoid recession lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
LONDON MARKET CLOSE: Stocks red, sterling slumps after BoE decision lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
Stock prices in London closed in the red on Thursday after the Bank of England raised UK interest rates by another 25 basis points, taking the benchmark bank rate to a 15-year-high.
The FTSE 100. | May 11, 2023