MSNBC Sky News on MSNBC March 17, 2022 08:48:00
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 th...
Source: archive.org