Bank Of England
Bank of England Raises Key Rate to 4% for the First Time Since 2023
The Bank of England has raised its key rate by 25 basis points to 4%, the first increase in three years. The decision is linked to rising energy prices and inflation accelerating to 3.5%. The regulator allows for further tightening of monetary policy but will assess the need for new increases at each meeting.
Bank of England and IMF Heads Warn of Cyber Threats to Financial System
Andrew Bailey and Kristalina Georgieva warned of increasing cyberattacks at the IMF meetings in Bangkok
Bank of England Keeps Key Interest Rate at 3.75%
The Bank of England has maintained the rate at 3.75%. Inflation reaches 3.1%.