Bank of England bets biggest rate hike in 27 years as inflation soars – CNBC | Gmx Pharm

LONDON – FEBRUARY 03: Bank of England Governor Andrew Bailey leaves after a press conference at the Bank of England on February 3, 2022 in London, England. The bank is expected to hike interest rates for a fifth consecutive day on Thursday but faces a difficult balancing act between supporting growth and curbing inflation. Dan … Read more

Here’s what the Federal Reserve’s consecutive 75 basis point rate hikes mean for you – CNBC | Gmx Pharm

What the Federal Funds Rate means to you The Federal Funds Rate, set by the US Federal Reserve, is the rate at which banks lend and borrow money from each other overnight. While that’s not the rate consumers are paying, the Fed’s moves are still impacting the lending and savings rates they see every day. … Read more