The Bank of England announced its ninth consecutive increase in interest rates. This brings them to their highest level since before the global financial crisis.
Bank of England is expected to deliver its biggest rate increase in 33 years today
Analysts predict a 0.75 percentage-point increase, possibly the largest hike in base rate since 1989.
The US Federal Reserve and Bank of England will be in the investor spotlight this coming Wednesday and Thursday
They will provide commentary on expected further monetary tightening and reveal interest rate decisions, which have been the dominant influence on stock market behaviour this year.
Bank of England to hike by 75 bps on November 3rd or may go higher
Reuters polled economists over the past week to determine whether the Bank of England will increase interest rates by 75 basis points on November the third.
The Bank of England issued a new statement: Bond buying will end on Friday
The Bank of England issued a new statement, confirming Andrew Bailey’s remarks last night about its end of support for pension funds on Friday.
The Bank of England on Thursday is poised to make the biggest rate rise in 33 years
Expect bills to soar as Bank Rates could reach 4.5pc next Year.
Why cash-rich UK banks won’t pass on rate rises to savers
Analysts say banks with ample liquidity will not offer higher interest rates to savers.
Bitcoin extended its drop below $20,000 on Monday
Bitcoin extended its drop below $20,000 on Monday as part of a wider cryptocurrency-market retreat, amid concern about the Federal Reserve’s rate-hike path.
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