Bank of England governor dismisses prospect of interest rate cuts

Tuesday, 21 November 2023
Markets are underestimating how persistent inflation will be in the next year and interest rates are likely to remain high as a result, the governor of the Bank of England has said.

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Video Credit: euronews (in English) - Published on November 24, 2023

News video: Turkey's central bank hikes interest rate to 40% in effort to beat back double-digit inflation

Turkey's central bank hikes interest rate to 40% in effort to beat back double-digit inflation 00:35

The bank pushed its policy rate up by 5 percentage points, to 40%, marking its sixth big interest rate hike in a row focused on beating down inflation that hit an eye-watering 61.36% last month.