The Governor of the Bank of England gives a news conference after unveiling the biggest interest hike for 30 years.
The rate rose by 0.75 percentage points to a fresh 14-year high of 3%.
The decision is aimed at taming inflation ahead, some of which will be attributed to the mini-budget announced by the Truss government in September, which hit the value of the pound.
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The rate rose by 0.75 percentage points to a fresh 14-year high of 3%.
The decision is aimed at taming inflation ahead, some of which will be attributed to the mini-budget announced by the Truss government in September, which hit the value of the pound.
Read more: https://trib.al/Dg3Ev7k
#SkyNews #BankOfEngland #AndrewBailey
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews
For more content go to http://news.sky.com and download our apps:
Apple: https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8
Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí https://www.youtube.com/channel/skynewsespanol
Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: https://www.youtube.com/channel/UCHYg31l2xrF-Bj859nsOfnA
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
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