UK Business

why this could be the last increase for a while

Written by Edward Thomas Jones, Lecturer in Economics / Director of the Institute of European Finance, Bangor University

The Bank of England, London.cristapper/Shutterstock

The Bank of England has increased its benchmark interest rate to 4.5% – the seventh rise since May 2022, when the base rate was just 1%. It is now at the highest level since 2008.

The European Central Bank (ECB) also increased its benchmark rate to 3.25% at its latest meeting in early May...

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