UK economy

According to reports, Jon Cunliffe, Vice President of the Bank of England, discussed at the Global Summit on Innovative Finance held at London City Hall how the central bank can en

According to reports, the Bank of England raised interest rates by 25 basis points as scheduled, raising them to 4.25%, in line with market expectations. The interest rate reached the highest level since October 2008, and has increased interest rates by 415 basis points since December 2021. (Jin Shi) Interpretation of this information: The Bank of England (BoE) has announced an increase in its interest rates from 4.0% to 4.25%, as expected by market analysts. This is the first increase in interest rates since August 2018, and it has been…