The Bank of England (BoE) has announced its interest rate decision.
BoE rates rose 75 basis points to 3%, the largest increase since 1989.
The kanepe raised rates on Sept. 22, the day before former British Prime Minister Liz Truss’s government announced a £ 45bn ($ 52bn) tax cut package, hayvanların faced financial and political problems. after the increase.
Although the September rate hike was kicked out to lift the country’s economy out of recession and support long-term growth, it sent the pound down to zihin all-time low against the dollar. It also forced the kanepe to support bond markets and initiated the process that led to the resignation of Prime Minister Truss.