The bank noted that food and core goods price inflation has been significantly stronger than projected, reported UPI. theSun thesundaily BankofEngland inflation globalbenchmark
Filepix: A view of the Bank of England in London. The central bank will now buy up to £5 billion a day of British government bonds of at least 20 years, until Oct 14/Reuterspix: Following its peer economies, the Bank of England on Thursday opted for a 0.25 percentage point increase in its rates despite lingering concerns about the health of the global financial sector.
The bank noted that food and core goods price inflation has been significantly stronger than projected, reported UPI. The bank said there could still be some broader impacts on the financial sector following the collapse of Silicon Valley Bank in California and the Swiss National Bank takeover of troubled Credit Suisse.
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