Bank Of England Raises Rates To 3.5% But Market Prices In A Lower Peak
The Bank of England has unwrapped another unwelcome present of an interest rate rise just ten days before Christmas, inflicting fresh cost-of-living pain on borrowers.
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The Bank of England has unwrapped another unwelcome present of an interest rate rise just ten days before Christmas, inflicting fresh cost-of-living pain on borrowers.
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There will be more supportive policies helping the economy heading into a recovery. Liquidity is ample in China after a significant increase in credit supply this year.
Fears that the Bank of England is driving the UK economy into a deep recession are growing, despite the central bank voting in favour of a more moderate 0.5 percentage point interest rate hike.
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