ECB and Bank of England Follows the Fed on 50 Basis Point Increase
Posted on 12/15/2022
Once inflation runs it becomes hard for central bankers to contain. The Bank of England’s Monetary Policy Committee (MPC) voted 6 to 3 in favor of the 50 basis point rate hike, which takes the bank rate to 3.5%. The interest rate rise marks a slowdown from November 2022’s 75 basis point increase. The Bank…
