The Bank of England raised its key rate again and signaled 'modest tightening' in the months ahead as it struggles to bring the inflation back to the 2 percent target.The Monetary Policy Committee of the BoE decided to increase the key interest by 0.25 percentage points to 0.50 percent.While five members including Governor Andrew Bailey sought 25 basis points hike, other four members of the panel ...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.