Home > Bank of England follows Fed with rate hike

News
Bank of England follows Fed with rate hike

Description

The Bank of England has followed the US Federal Reserve in raising interest rates. Both economies are battling the highest level of inflation in years, and hope tighter monetary policy will curb the spiralling price rises. Also in the show - Australia's new government commits to more ambitious emissions reductions targets, and tv critics question Netflix's plans for a reality show based on the life-or-death hit Squid Game. 

Added on the 16/06/2022 18:45:47 - Copyright : France 24 EN

To customise your video :

Or Create an account

More videos on the subject

  • Bank of England delivers biggest interest rate hike in 33 years

    The Bank of England announces in a press conference it is hiking its key interest rate by 0.75 percentage points, the biggest increase in 33 years, to fight inflation set to peak around 11 percent in recession-hit Britain. The latest rate hike mirrors aggressive rate-tightening by central banks worldwide as economies battle the highest prices in decades. SOUNDBITE

    03/11/2022 - AFPTV - First images
  • 'High inflation imposes significant hardship' on US consumers, Fed chair says

    "My colleagues and I are acutely aware that high inflation imposes significant hardship as it erodes purchasing power," US Federal Reserve Chair Jerome Powell says in Washington. SOUNDBITE

    20/03/2024 - AFPTV - First images
  • Fed says risks to achieving goals 'moving into better balance'

    The US Federal Reserve Chair Jerome Powell announces that interest rates wil remain unchanged for the fourth straight meeting. "As labor market tightness has eased and progress on inflation has continued, the risks to achieving our employment and inflation goals are moving into better balance," he says. SOUNDBITE

    31/01/2024 - AFPTV - First images
  • US Fed holds key lending rate, signals three cuts in 2024

    The US Federal Reserve votes to hold interest rates at a 22-year high for the third straight meeting and signaled it expects to make three cuts next year. SOUNDBITE

    13/12/2023 - AFPTV - First images
  • Bank of England freezes rate, rules out cuts any time soon

    The Bank of England announces it will hold its key interest rate at 5.25 percent, a day after the Federal Reserve also froze borrowing costs as global inflation retreats. The BoE had already kept its rate steady at the central bank's previous monetary policy meeting in September, snapping a streak of 14 hikes in a row. But Governor Andrew Bailey says it is "much too early" to think about cutting rates. IMAGES

    02/11/2023 - AFPTV - First images
  • US Fed holds interest rates at 22-year high

    US Federal Reserve Chair Jerome Powell announces that the US Federal Reserve has voted to keep interest rates at a 22-year high, between 5.25 percent and 5.50 percent. SOUNDBITE

    20/09/2023 - AFPTV - First images

More videosNews

Watch video of  - DemainEntreprendre - épisode 12 - Label : Economie wallonne -
News

DemainEntreprendre - épisode 12

29/04/2021 12:55:32