'Bank Of England Ends Run Of 14 Straight Interest Rate Hikes After Cooler-Than-Expected Inflation' - CNBC
Portfolio Pulse from Benzinga Newsdesk
The Bank of England has ended its streak of 14 consecutive interest rate hikes due to lower-than-expected inflation, according to CNBC. This could potentially impact the performance of the iShares MSCI United Kingdom ETF (EWU).
September 21, 2023 | 12:11 pm
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The Bank of England's decision to halt interest rate hikes could potentially impact the performance of the iShares MSCI United Kingdom ETF (EWU).
The Bank of England's decision to halt interest rate hikes due to lower-than-expected inflation could potentially lead to a more favorable economic environment for businesses in the UK, which could in turn boost the performance of the iShares MSCI United Kingdom ETF (EWU).
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80