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Stock markets volatile after Bank of England raises interest rates
Stock markets across the world show losses after central banks raise interest rates to tackle inflation.
The Bank of England has increased interest rates again -- for the ninth time in a row -- as part of efforts to counter inflation. The basic rate is going up by half of one per cent -- to three and a half per cent. Meanwhile the European Central Bank has also increased its main interest rate by 0.5% to 2.5% - following Wednesday's rise by the US Federal Reserve.
It all leads to stock market falls over the world - we explain why.
Plus we're in the US where Washington DC could soon become the largest city in the country to introduce free bus travel.
Photo credit: John Walton/PA Wire
Last on
Thu 15 Dec 2022
22:32GMT
主播大秀 World Service
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- Thu 15 Dec 2022 22:32GMT主播大秀 World Service