Bank of England raises rates.
M2 EQUITYBITES-June 17, 2022--Bank of England raises rates
(C)2022 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 17 June 2022
The Bank of England has raised its rates in order to meet inflation challenges.
The apex bank raised its rates by 25 basis points and added that it is ready to act forcefully if needed. It said that it is ready to intervene in the markets as inflation is heading above 11 percent. The bank also said that Britain's economy would shrink in the April-June...
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