April 16, 2024 15:34 (IST)
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RBI and Bank of England sign MoU to end CCIL deadlock

Mumbai: The Reserve Bank of India and Bank of England Friday inked a memorandum of understanding (MoU) to end the imbroglio over British banks’ participation in Indian bonds and derivative market.

Bank of England raises interest rate by 50 bps to 4 pc; warns more hikes in the future

London: Bank of England raised interest rate by 50 basis points to 4 percent, the 10th increase since UK’s central bank started hiking in December 2021, bringing the key rate to its highest since 2008, Bloomberg reported.

UK braces for likely biggest rate hike in decades

London/UNI: The Bank of England is expected to announce the biggest hike in interest rates in more than three decades at 12 pm on Thursday local time.