Bank of England Hikes Interest Rate
The Bank of England anticipates that economic policy will successfully reduce inflation by half in the British economy before the end of this year.
The Bank of England anticipates that economic policy will successfully reduce inflation by half in the British economy before the end of this year.
The Federal Reserve and the European Central Bank both foresee having to continue raising interest rates significantly to roll back inflation to 2%.
Inflation is of major concern, according to the ECB.
When a currency depreciates, it can lead to a self-reinforcing outflow of capital—especially when the depreciation is unprecedented. The euro has never been this weak against the dollar.