Bank of England expected to accelerate its inflation fight ...Qatar

The Bank of England (BoE) is expected to step up its fight against inflation in the coming week, joining some 70 other institutions around the world in delivering a half-point increase in borrowing costs. The move anticipated by most analysts and investors would mark the UK’s biggest increase in interest rates in 27 years and accelerate a historic pivot away from the era of cheap money. Governor Andrew Bailey has suggested the hike won’t be the last, saying policy makers are prepared to act “forcefully,” if necessary, to rein in inflation. The BoE was first among major-economy central banks to raise rates after the pandemic, but is struggling to keep up with the US Federal Reserve, which ha

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