How Will the Bank of England Respond to UK Inflation's 40-Year High?
July 20, 2022
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0:59Now PlayingHow Will the Bank of England Respond to UK Inflation's 40-Year High?
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as posted by the channelThe UK Consumer Price Index rose to its highest level in 40 years in June, with surging food and fuel costs the largest contributing factors. Market attention will now focus on the Bank of England’s upcoming rate decision on Aug. 4. With the bank’s last five rate decisions (each 25 basis points) appearing to have little impact on price pressures, will the bank be forced to take more drastic action? Presented by @cmegroup
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