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Do ECB interest rates influence the UK?

A rise in ECB interest rates can have a transitional impact on the UK despite the UK having left the EU banking system. The governing council’s recent interest rate hike increased the MRO, marginal lending, and deposit interest rates to 4.25%,4.50%, and 3.75%, respectively.

UK Finance

Political decisions mean rates will rise again

Chancellor of the Exchequer Jeremy Hunt came under severe pressure after his autumn budget statement, will his tax rises impact short-term interest rates? There is growing concern that delaying the worst tax rises for another two years will not help the Bank of England in its quest to control inflation. So, could there be more short-term pain before the tax increases have an impact?