Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.
UK Interest Rates Rise
Description
The Bank of England raised its key interest rate by 0.75 percent on Thursday, raising its benchmark lending rate from 2.25 percent to 3 percent. This was its largest increase since 1989. The BOE started raising its key rate earlier than the Fed, but it has been more cautious in its moves. Critics say that the central bank isn’t doing enough to fight inflation, but policymakers point out that the BOE can do little to affect the nation’s skyrocketing energy prices.
More from User
00:50
Cerebras Shares Slide
Benzinga
00:48
Nuclear Push For Data Centers
Benzinga
00:51
AI Grid Cost Bill
Benzinga
00:54
Tesla, NatPower Battery Deal
Benzinga
00:53
SpaceX Stock Swings
Benzinga
00:58
Cohen Drops GameStop Award
Benzinga
Related Videos
01:07
Interest rates live: Bank of England cuts UK interest rates in boost for mortgage holders
Fansavin1
03:14
UK Interest Rates: Bank of England cuts interest rate to 0.25%, Sarah Morice reports
TRT World
01:23
Inflation rate set to rise again as Bank of England decision on interest rates looms
Evening Standard
00:54
Bank of England Raises Interest Rates to 5% in Response to Record-High Core Inflation
Benzinga
01:03
Bank of England raises interest rates to 4.25 per cent after unexpected inflation hike
The Independent
02:26
Bank of England raises interest rates to 3.5% as Governor Andrew Bailey admits inflation is lower than expected
inews