Will the Bank of England Raise Interest Rates? And by What Margin?
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Will the Bank of England Raise Interest Rates? And by What Margin?

ByMike Joel

The Bank of England (BoE) is set to make its latest interest rate decision on Thursday, August 4th. The consensus is that the BoE will avoid raising rates by more than 25 basis points; however, this decision is a very close call. In December, the BoE increased interest rates five times, with three of the…

The Euro Zone has Raised Interest Rates for the First Time in 11 years. Is this a Sign of Bad Things Getting Worse?

The Euro Zone has Raised Interest Rates for the First Time in 11 years. Is this a Sign of Bad Things Getting Worse?

ByMike Joel

In a more significant than expected action intended to combat inflation throughout the Eurozone, the European Central Bank (ECB) announced a hike in interest rates for the first time in more than ten years. The increase will become effective on July 27. Ironically, Mario Draghi resigned from his position as prime minister of Italy on…