Bank of England walks monetary policy tightrope: inflation fears trump recession risk for now
Posted On: 23rd March 2022
The Bank of England (BoE) raised interest rates for the third consecutive meeting last week, signalling to markets that taming inflation and containing second-round effects remains its priority. The Monetary Policy Committee (MPC) increased the base rate from 0.50% to 0.75%, resetting interest rates to pre-pandemic levels.
The Bank of England (BoE) raised interest rates for the third consecutive meeting last week, signalling to markets that taming inflation and containing second-round effects remains its priority. The Monetary Policy Committee (MPC) increased the base rate from 0.50% to 0.75%, resetting interest rates to pre-pandemic levels.
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