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Bank of England: 'No one knows' at what point the base rate is going to peak
Posted
June 22, 2023
Views
9,729
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67
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59
Engagement
1.30%
June 22, 2023
9,729
67
59
1.30%
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4:12Now PlayingSky's Economics and Data Editor Ed Conway says that amid the unexpected base rate's hike of 50 basis points "no one knows" at what point it is going to peak.
He added that today's decision to raise the base rate by 5% is a sign of just "how worried the Bank’s Monetary Policy Committee is about inflation", which looks like it is becoming dangerously sticky.
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