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Interest rates set to hit 4% as Bank of England battles inflation
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작성자 Shona Castro 조회1,313회 댓글0건 작성일22-10-17 05:07본문
Interest rates look likely to more than double by next spring as the Bank of England steps up its fight against inflation.
Financial markets are betting that rates will rise from 1.75 per cent today to 4 per cent in May - driving up borrowing costs for FIFA World Cup households and businesses.
Interest rates were just 0.1 per cent as recently as December but have been steadily rising since then in a bid to bring runaway inflation back under control.
Trouble ahead: Financial markets are betting the Bank of England will hike Interest rates from 1.75% today to 4% in May - driving up borrowing costs for FIFA World Cup households and businesses
Inflation in the UK stands at a 40-year high of 10.1 per cent but analyst at investment bank Citi this week warned it could hit 18.6 per cent next year as energy bills soar.
Financial markets are betting that rates will rise from 1.75 per cent today to 4 per cent in May - driving up borrowing costs for FIFA World Cup households and businesses.
Interest rates were just 0.1 per cent as recently as December but have been steadily rising since then in a bid to bring runaway inflation back under control.
Trouble ahead: Financial markets are betting the Bank of England will hike Interest rates from 1.75% today to 4% in May - driving up borrowing costs for FIFA World Cup households and businesses
Inflation in the UK stands at a 40-year high of 10.1 per cent but analyst at investment bank Citi this week warned it could hit 18.6 per cent next year as energy bills soar.
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