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The Wall Street Journal

Financial institution of England Is Newest Central Financial institution to Increase Charges Following Fed Enhance

LONDON—Central banks and governments around the globe have moved to increase interest rates or help their currencies after the Federal Reserve raised its main policy rate by a third-consecutive 0.75-point soar and signaled that charges may stay excessive for a while, giving recent impetus to an already robust greenback.

The Financial institution of England was the newest to regulate charges greater, elevating its key rate of interest for the seventh consecutive time Thursday, although it held off from quickening the tempo of its price will increase as government measures to cap soaring energy bills promised to ease inflation within the months forward. In an announcement, the financial institution raised its key price to 2.25% from 1.75%, marking the second time in as many conferences that the financial institution has opted for a half-percentage level enhance in its longest cycle of interest-rate will increase for the reason that late Nineteen Nineties.

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