Topic: #bank-of-england
-
Bank of England raises rate to 4%, projects inflation near 5% in 2027
The Bank of England lifted its benchmark rate 25 basis points to 4% on Nov. 5 over energy-driven inflation and projected CPI near 5% in Q2 2027. Any effect on Bitcoin remains unmeasured.
-
UK 10-year gilt yield climbs to 5.418%, Crypto Briefing reports
The UK 10-year gilt yield rose to 5.418% from 5.383% and the bid-to-cover ratio rose to 3.61, according to Crypto Briefing, which attributed the move to higher oil prices and elevated US Treasury yields.
-
UK energy bills set to rise 16% in January, Cornwall Insight forecasts
UK household energy bills are forecast to rise 16% in January, the largest increase in four years, according to a Cornwall Insight projection reported by the BBC and relayed by Crypto Briefing.