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World

Another rate rise from the Fed. Is it enough?

4 May 2023

6:12 AM

4 May 2023

6:12 AM

Will the Bank of England raise interest rates again? We’ll know for sure next Thursday, when we get the Monetary Policy Committee’s next announcement on the base rate, but today’s decision from the Federal Reserve to hike rates again makes it more likely that the Bank will follow suit.

The Fed has announced another interest rate hike: a quarter of a percentage point, taking the rate to 5 – 5.25 per

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