How High Will UK Inflation Drive BOE Rates?

Bloomberg Quicktake: Now published this video item, entitled “How High Will UK Inflation Drive BOE Rates?” – below is their description.

With UK inflation pushing past 40-year highs, markets are projecting aggressive rate moves from the Bank of England. What will be the ramifications for the global economy? Presented by @CME Group:

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In This Story: Bank of England

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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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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