INTEREST RATE HIKE IS COMING, GET READY! CITY BETS ON IMMINENT BANK OF ENGLAND RISE

The move will add more pressure to households in the UK as prices begin to rise. However, it will give savers a minor boost to their savings. City economists have predicted that the UK's central bank will increase its official interest rate from 0.25 percent to 0.5 percent on February 3. The Bank of England became the first big central bank to raise rates during the pandemic.In December, the Bank ...

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