Bank of England Raises Rate to 4% in First Hike Since August 2023
Photo: TokenPost
The Bank of England raised its policy rate by 25 basis points to 4% on Nov. 5, its first increase since August 2023, adding a fresh tightening signal to the global policy backdrop for crypto and risk markets. The 25-basis-point step equals a quarter of a percentage point and brought the benchmark to 4%. The increase was in line with market expectations, making the policy move itself the main new signal in the announcement. The rise was the Bank’s first since August 2023, a gap of more than three years. In that respect, Nov.
Source: TokenPost
