Bank of England ‘won’t hesitate’ to raise interest rates to control inflation | ITV News

ITV News published this video item, entitled “Bank of England ‘won’t hesitate’ to raise interest rates to control inflation | ITV News” – below is their description.

The Bank of England has said it “will not hesitate” to change interest rates in order to get inflation under control.

The Bank released a statement on Monday after the pound plummeted to a record low of $1.03.

It has since recovered slightly but is still at a near all-time low.

ITV News YouTube Channel

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About This Source - ITV News

ITV News is the branding of news programmes on the British television network ITV. Independent Television News (ITN) was founded to provide news bulletins for the network in 1955, and has since continued to produce all news programmes on ITV.

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The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government’s banker, and still one of the bankers for the Government of the United Kingdom, it is the world’s eighth-oldest bank.

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