Bank of England increases interest rates to 1.75%
The Bank of England has increased interest rates from 1.25% to 1.75%. This is the sixth. consecutive rate rise.
This increase in interest rates is an attempt to control the soaring cost of living.
The Bank of England’s Monetary Policy …
UK inflation hits 40-year high
The Consumer Prices Index (CPI) measure of inflation rose to 9.4% in June 2022, according to the Office for National Statistics.
CPI was 9% in April 2022 and 9.1% in May 2022. So, although inflation has hit a …
Bank of England increases interest rates to 1.25%
The Bank of England has increased interest rates from 1% to 1.25%. This is the fifth. consecutive rate rise.
This increase in interest rates is an attempt to control the soaring cost of living.
The Bank of England’s Monetary Policy …
UK inflation rate rises to 9% in April 2022
The Consumer Prices Index (CPI) measure of inflation rose to 9% in April 2022, according to the Office for National Statistics. CPI was 7% in March 2022.
It is almost impossible to remember that CPI was as low …