India  

Bank of England 'will not hesitate to change interest rates as necessary' after pound's fall

Sky News Monday, 26 September 2022
Bank of England 'will not hesitate to change interest rates as necessary' after pound's fallThe Bank of England says it "will not hesitate to change interest rates as necessary" after markets reacted badly to the chancellor's tax-cutting mini-budget.
0
shares
ShareTweetSavePostSend
 
Video Credit: Rumble - Published
News video: Bitcoin Stable at $19K Despite BOE’s 50 Basis Point Interest Rate Hike

Bitcoin Stable at $19K Despite BOE’s 50 Basis Point Interest Rate Hike 01:26

https://cb.run/aNT7 Bitcoin Stable at $19K Despite BOE’s 50 Basis Point Interest Rate HikeAttempting to fight the raging inflation, the Bank of England raised the interest rates by 50 basis points today.

You Might Like


💡 newsR Knowledge: Other News Mentions

Bank of England Bank of England Central bank of the United Kingdom

Behind-the-scenes dysfunction of Truss government laid bare by Bank of England governor

The degree of behind-the-scenes dysfunction in government ahead of September's mini-budget has come into clearer focus as the Bank of England governor described..
Sky News
BofE Governor: We predict inflation to fall after winter [Video]

BofE Governor: We predict inflation to fall after winter

Governor of the Bank of England Andrew Bailey predicts the rate of inflation will fall after winter. Speaking to the Treasury Committee, Bailey says "once we get though this winter" there should be a "pronounced fall" in inflation, below the bank's target Report by Nelsonr. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:26Published
UK Inflation Hits 41-Year High [Video]

UK Inflation Hits 41-Year High

UK Inflation , Hits 41-Year High. CNN reports that according to Britain's Office for National Statistics, the country's annual rate of inflation rose to 11.1% last month. That's up from September's rate of 10.1%. Gas and electricity prices continue to climb as food price inflation reaches 16.4%. Gas and electricity prices continue to climb as food price inflation reaches 16.4%. Over the past year, gas prices have climbed nearly 130% while electricity has risen by around 66%, ONS chief economist Grant Fitzner, via statement. Over the past year, gas prices have climbed nearly 130% while electricity has risen by around 66%, ONS chief economist Grant Fitzner, via statement. The cost of goods and services increased by 2% from September to October. The Bank of England projects that the U.K.'s recession will last through the first half of 2024 as it continues to raise borrowing costs. U.K. Finance Minister Jeremy Hunt is expected to announce spending cuts and tax increases while detailing the government's budget on Nov. 17. On the other side of the pond in America, . inflation appears to be cooling as the nation's annual Consumer Price Index rose at a slower pace of 7.7% in October

Credit: Wibbitz Top Stories    Duration: 01:30Published
BofE Governor: UK was hours from financial meltdown [Video]

BofE Governor: UK was hours from financial meltdown

Bank of England Governor, Andrew Bailey, has revealed to Channel 4 News that Britain was just “hours” from economic meltdown following Liz Truss’ mini-budget. Asked by Channel 4 News presenter and Investigations Editor, Cathy Newman, how close Britain came to financial Armageddon after the run on the pound, Bailey admitted: “I think at the point when we intervened I can tell you that the messages we were getting from the markets were that it was hours.” Report by Czubalam. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:47Published
BoE Governor on interest rise [Video]

BoE Governor on interest rise

Andrew Bailey, Governor of the Bank of England, speaks after the Bank of England raised interest rates again. Mr Bailey said despite the rise, the expect rates to come back down ‘quite rapidly’. Report by Browna. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 01:11Published

Related videos from verified sources

Stocks Tumble to New 2022 Low, Enter Bear Market Territory [Video]

Stocks Tumble to New 2022 Low, Enter Bear Market Territory

Stocks Tumble , to New 2022 Low, , Enter Bear Market Territory. On September 23, following a brutal week for financial markets, stocks tumbled amid surging interest rates and increased fears of a..

Credit: Wibbitz Top Stories     Duration: 01:31Published
MPC likely to keep raising interest rates, says ex-member [Video]

MPC likely to keep raising interest rates, says ex-member

A former member of the Bank of England's Monetary Policy Committee (MPC) has said further increases to interest rates may be necessary to stick to the 2% inflation target. Martin Weale suggested: "I..

Credit: ODN     Duration: 00:46Published
Fed Approves Third-Straight Massive Rate Hike [Video]

Fed Approves Third-Straight Massive Rate Hike

Fed Approves , Third-Straight , Massive Rate Hike. On September 21, the Federal Reserve made history by approving a third consecutive 75-basis-point hike. CNN reports that the aggressive move is..

Credit: Wibbitz Top Stories     Duration: 01:31Published

Related news from verified sources

Rupee slips below 81-mark against US dollar for first time in early trade

Forex traders said escalation of geopolitical risk in Ukraine and rate hikes by the US Fed and Bank of England in a bid to contain inflation sapped risk...
Zee News

Bank of England says UK in recession as it raises interest rates to 14-year high


newKerala.com