Bank Of England Makes 12th Consecutive Rate And No Longer Forecasts Recession -- MarketWatch

MarketWatch · 05/11/2023 11:01

The Bank of England on Thursday lifted interest rates for the 12th consecutive meeting, taking rates up by a quarter point to 4.5%. The 7-to-2 vote was expected. One key change in the statement was its new view that the U.K. will avoid recession.

-Steve Goldstein

For more from MarketWatch:

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

May 11, 2023 07:01 ET (11:01 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.