Bank of England hikes interest rate to fight hot inflation
LONDON: The Bank of England on Thursday unexpectedly lifted interest rates to 0.25 per cent from a record low 0.10 per cent, and flagged more hikes to combat decade-high inflation, despite Omicron fears. The BoE’s monetary policy committee voted 8-1 in favour of the first interest rate hike in more than three years, but unanimously … Read more