Economics

Carney Hikes Rate in What May Be Final Pre-Brexit Push

Central bank sticks to plan to go slow in fighting inflation
Pound drops as investors focus on caution over Brexit outlook

Carney says BOE policy "needs to walk, not run, to stand still."Source: Bloomberg)

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By David Goodman, Lucy Meakin, and Lizzy Burden

August 2, 2018 at 11:00 AM UTC

Updated on

August 2, 2018 at 2:02 PM UTC

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The Bank of England raised its benchmark interest rate to the highest level since 2009 in what may be its final blow against inflation before the U.K. leaves the European Union.