Economy

SA Panel: Bank of England delays interest rate announcement after Queen’s death

by

After the death of Queen Elizabeth II this Thursday (8), the BoE (Bank of England) decided to postpone the meeting of its MPC (Monetary Policy Committee) by one week.

According to the institution, the decision on the interest rate will only be announced on September 22.

The UK is experiencing a turbulent period in the economy with annual inflation exceeding 10%, the highest in 40 years.

At the end of August, Ofgem, the regulatory agency for the gas and energy market in the country, announced an 80% increase in bills starting in October.

Joana Wedge with Paulo Ricardo Martins and Diego Felix

energyEnglandEuropefeesinflationleafQueen Elizabeth 2ndreal familyUK

You May Also Like

Recommended for you