Bank of England Eyes 12th Straight Rate Hike Amid Uncertainty

Bank of England Eyes 12th Straight Rate Hike Amid Uncertainty

The Bank of England is expected to raise interest rates for the 12th consecutive meeting on Thursday due to high inflation, but this may be coming to a close. Despite strikes and the cost-of-living squeeze, the UK economy is holding up well, with a resilient labor market. However, annual headline inflation remains above 10% due to high food and energy bills, while core inflation remained unchanged. The Bank expects it to decrease rapidly from mid-2023 to about 4% by year-end.

Read more at CNBC

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Bank of England Eyes 12th Straight Rate Hike Amid Uncertainty
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Bank of England Eyes 12th Straight Rate Hike Amid Uncertainty
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The Bank of England is expected to raise interest rates for the 12th consecutive meeting on Thursday due to high inflation, but this may be coming to a close.
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CNBC
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