Bank of England set to hike interest rates to 13-year high ...Qatar

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Bank of England set to hike interest rates to 13-year high
source : Gulf Times ( Qatar ) () 21
The Bank of England (BoE) this week is expected to raise interest rates to their highest level in 13 years and clarify how it plans sell off some of its £847bn ($1.1tn) in government bond holdings. The move would take the UK central bank into unchartered territory, since none of its major-economy peers have yet sold government bonds accumulated under quantitative easing since 2008. Policy makers led by Governor Andrew Bailey have to balance efforts to contain inflation that has leaped to a 30-year high against the risk that raising rates will slow the recovery. “The BoE is in an awkward position as the war in Ukraine has exacerbated the already toxic mix of slowing growth and high inflation

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