Bank Of England Raises Rates To 3.5% But Market Prices In A Lower Peak

Federal Reserve interest rate history

Bank of England raises rates to 3.5%, the ninth consecutive rise since December 2021. Inflation still seen as the bigger Grinch for the UK economy rather than recession. Financial market expectations for rate rises have lowered, to just above 4.5% by August 2023. Pound dips further against dollar but still hovers around highest rates since […]