Bank of England poised to ramp up interest rates as inflation bites

💼The US Federal Reserve and the Bank of England are expected to put rates up this week, in a bid to combat soaring inflation

That view will be echoed in most major economies. The Australian move was higher than expected, increasing talk that the Bank of England might move faster than expected, putting rates up by 0.5 percentage points a time, rather than by 0.25 percentage points.

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Evening Standard /  🏆 102. in UK

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