NewsWorldThe United Kingdom undertakes the biggest rate hike since...

The United Kingdom undertakes the biggest rate hike since 1995 – La Nueva España

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Fifty basic points. The Bank of England, the first of the major central banks to start raising rates to fight inflation, yesterday launched the biggest hike in 27 years. A measure that seeks to put a stop to the escalation of prices, which reaches 9.4% in the United Kingdom. It is the sixth rate hike undertaken by the British monetary institution in recent months. The last ones had been 25 points, and yesterday’s, the most intense since 1995, places the price of money at 1.75%, the highest level since 2008.

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