Bank of England Is Latest Central Bank to Raise Rates

4 days ago 46

LONDON—Central banks and governments astir the satellite moved to summation involvement rates oregon enactment their currencies aft the Federal Reserve raised rates and signaled that they would stay precocious for immoderate time, giving caller impetus to an already beardown dollar.

The Bank of England was the latest to set rates higher, raising its cardinal involvement complaint for the seventh consecutive clip Thursday. Only the Bank of Japan—generally considered a perennial dove—and the often contrarian Turkish cardinal slope bucked the trend, though Japan’s authorities aboriginal said it intervened successful currency markets to merchantability dollars and bargain yen, the archetypal specified involution successful 24 years, to dilatory the caller autumn successful the Japanese currency.

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