The next time the Bank of England debates interest rates we're likely to see a half-point increase Five interest rate rises in a row from the Bank of England would once have been regarded as strong and determined action to tame inflation. The problem for Threadneedle Street is that the US Federal Reserve rather redefined the definition of decisive measures on Wednesday when it hiked by 0.75 percentage points in one go. Versus that full-on display of fireworks, the Bank's quarter-point move to 1....
Bank's rate rise is a couple of sparklers compared with Fed's fireworks | Nils Pratley
The Guardian - 16 Jun 2022 17:30
The next time the Bank of England debates interest rates we're likely to see a half-point increase Five interest rate rises in a row from the Bank of England would once have been regarded as strong and determined action to tame inflation. The problem for Threadneedle Street is that the US Federal Reserve rather redefined the definition of decisive measures on Wednesday when it hiked by 0.75 percentage points in one go. Versus that full-on display of fireworks, the Bank's quarter-point move to 1....
Share this Article
Recommended