Investment Week (June 16)
2022/ 06/ 18 by jd in Global News
“The industry has labelled the Bank of England a ‘timid cat’ following its interest rate rise of 0.25% in its bid to tackle inflation on Thursday (16 May), with many stating it was simply prolonging the time till they take the necessary action.” Following the 25-basis-point hike, UK interest rates stand at 1.25%, with the BoE expecting inflation “to peak at 11% in October.”
Tags: 0.25%, 1.25%, Action, BOE, Inflation, Interest rate, Necessary, October, Peak, Prolonging, Rise, Timid cat, UK
