Bank of England 'won't hesitate' to raise interest rates to control inflation
The Bank of England issued a statement after the pound plummeted on Monday.
Bank Of England
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Why did Treasury and Bank of England statements fail to reassure markets?
It's never a good look for a central bank or finance ministry to put out emergency statements in response to currency or interest rate movements, writes Peston.
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How will Treasury and Bank of England react to the pound's plunge?
The crash in the value of the pound is bad news for the government and puts the Bank of England in an extremely difficult position.