Bank of England holds rate at 3.75% as Fed hikes to 4%
- —BoE MPC voted 6-3 to hold the rate at 3.75%
- —The Fed raised rates by 25 bps to 3.75–4% on September 16
- —UK inflation rose to 3.1% in August from 2.9% in July
- —Average rate on 5-year UK mortgages reached 5.87%
Why it matters: The divergence between the Fed and the Bank of England heightens volatility in the dollar and risk assets, including bitcoin, amid uncertainty over the rate path.
Source: BeInCrypto CN