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CATEGORY: uk finance

Study Shows Bank of England’s Rising Interest Rates Threaten 1.2 Million UK Households With Insolvency
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 25, 2023 02:10

Study Shows Bank of England’s Rising Interest Rates Threaten 1.2 Million UK Households With Insolvency

The Bank of England made an impactful move last Thursday, June 22, 2023, as it raised the benchmark bank rate to 5%, marking a significant 0.5 percentage point increase. This decision catapults the central bank’s rate to its highest level since 2008 and represents the most substantial surge in three months. Coinciding with this development, [...]

The post Study Shows Bank of England’s Rising Interest Rates Threaten 1.2 Million UK Households With Insolvency appeared first on Crypto Breaking News.

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UK Finance: Digital Pound Holdings Should Be Limited to £5,000 to Avoid Panic
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jul 04, 2023 01:20

UK Finance: Digital Pound Holdings Should Be Limited to £5,000 to Avoid Panic

U.K. Finance, one of the largest finance membership organizations in the U.K., has issued its recommendations to the Bank of England regarding the issuance of a digital pound. The organization stated that individual holdings of the proposed central bank digital currency (CBDC) should be capped at £5,000 ($6350) to avoid panic and deposit flight. U.K.

The post UK Finance: Digital Pound Holdings Should Be Limited to £5,000 to Avoid Panic appeared first on BTC Ethereum Crypto Currency Blog.

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