Business
Democratic sweep gives markets a reason to rethink path of interest rates
Rate hikes could be curbed by an Iran war resolution, slower U.S. growth and fresh fiscal policy — but none are set in stone.
Topic
Rate hikes could be curbed by an Iran war resolution, slower U.S. growth and fresh fiscal policy — but none are set in stone.
In a CNBC interview, the policymaker expressed concern over inflation and said monetary policy will need to adjust.
One policymaker voted to raise the bank's key interest rate to 4.25%.
Job, loans and savings are all affected by the rise in interest rates announced by the Bank of England.