UK first G7 member to raise interest rates

UK first G7 member to raise interest rates — — -Brussels (Brussels Morning) The UK is the first G7 member to raise interest rates since the start of the coronavirus crisis, the Bank of England (BoE) having increased rates on Thursday.

The US Federal Reserve System has been signalling plans to make a similar move next year, while the European Central Bank (ECB) is still maintaining its expansive policy, Reuters reported on Thursday.