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UK Interest Rate Tops 14-Year High

Name: UK Interest Rate Tops 14-Year High
Uploaded: 2022-12-16
Channel: David Kindley
Description: The BoE raised UK interest rates to their highest level for 14 years as it battles to stem soaring prices.An increase to 3.5% marked the ninth time it has hiked interest rates in a row.At 10.7%, the inflation rate remains more than five times higher

By David Kindley On Dec 16, 2022 397 0

The BoE raised UK interest rates to their highest level for 14 years as it battles to stem soaring prices.

An increase to 3.5% marked the ninth time it has hiked interest rates in a row.

At 10.7%, the inflation rate remains more than five times higher than the Bank’s 2% target, but it eased slightly in November.

Timestamps
GBPPUSD 02:00
EURUSD 03:20

David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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