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Bank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints

Post author:MiamiCrypto
Post published:February 4, 2022
Post category:0.25%Andrew Bailey Andrew Bailey Inflation Bank of England Bankers Benchmark Rate BoE BOE interest rate britain British Bonds British Pound Central Bank Economics Economy inflation interest rates labor market Low Wages politicians Stock Market Wage Restraints wages Wages Down Working Class

The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation…