Biggest Rate Rise In Decades Expected As Bank Of England Battles Inflation Business Live Business
All eyes are on the Bank of England this morning. The UK central bank is on track for its biggest rate hike in decades as it tries to control persistently high inflation. The BoE is expected to raise its key interest rate by three-quarters of a percent, lifting the bank rate from 2.25% to 3%, the highest since autumn 2008, in one of the most anticipated monetary policy meetings here and many years....