Target Rank News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We so woo have had a half point so we would have had a half point rise last month. but the vast majority of economists here expect a rate rise this lunchtime. why? inflation is running at nearly three times the bank s target rank of 2%. currently it is 5.5%. that was a february, a january figure and we get the february figure next wednesday. that of course, as we say, way above what the bank s target rate is at 2%. currently running at the highest level since march, 1992. and it s a tricky decision for the bank because obviously the war in ukraine has let the commodity price fight across the area, oil, metals, wheat, you name it, so after that, concerns over what the war will do to growth, it means that it is quite a finer decision for the bank of england, than probably many people expected. worth pointing out as well, kate, this is a global situation. inflation in the united states currently running at some 7.9%, which is the highest for four ....

Half Point , Target Rank , Gtarget Rate , Commodity Price Fight , March 1992 , Bank Of England , 7 9 ,