How Will the Bank of England Respond to UK Inflation's 40-Year High?

How Will the Bank of England Respond to UK Inflation's 40-Year High?

We discovered with great interest on July 20, 2022 on Bloomberg Markets and Finance's Youtube channel a new video that might interest you.

As you know, this is not new, we have been following with great interest the news of the Youtube channel Bloomberg Markets and Finance for quite some time now because we know that its content is particularly appreciated by our community. Sometimes we hesitate to write an article because we don't know if you will like it, but today we know that this video will interest you.

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The video is currently in vogue on the web and could be at the top of the trends on Google's VOD platform. After it was uploaded just 30 minutes ago by the Youtube channel Bloomberg Markets and Finance, many Internet users started to watch it with great interest. It is often like that on this channel which regularly publishes videos similar to the one we are talking about today.

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For your information, you can find below the description of the video How Will the Bank of England Respond to UK Inflation's 40-Year High? published by the Youtube channel Bloomberg Markets and Finance:

The UK Consumer Price Index rose to its highest level in 40 years in June, with surging food and fuel costs the largest contributing factors. Market attention will now focus on the Bank of England’s upcoming rate decision on Aug. 4. With the bank’s last five rate decisions (each 25 basis points) appearing to have little impact on price pressures, will the bank be forced to take more drastic action? Presented by @CME Group: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights