Bank of England Hikes Interest Rates to 4%, Says Inflation in UK Has Peaked

The Bank of England hiked its interest rates to 4 percent. The interest rate has been hiked for tenth time in a row as authorities look to combat inflation. The bank said that inflation has peaked in UK. Bank of England Hikes Key Interest Rates to 3.5%, Highest in 14 Years.

Bank of England Hikes Interest Rate:

The Bank of England raised interest rates for the 10th time in a row but dropped its pledge to keep increasing them 'forcefully' if needed and said inflation had probably peaked https://t.co/SQT0ACB1z1pic.twitter.com/JgaKBfwv3J

— Reuters (@Reuters) February 2, 2023

(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter (X), Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)