Bank of England hikes interest rates again but softens pace


              The Bank of England in London, Thursday, Dec. 15, 2022. The Bank of England raised the benchmark rate by half a percentage point, to 3.5%, the highest level in 14 years, but toned down the pace as inflation shows signs of easing. (AP Photo/Alastair Grant)
            
              The Bank of England is reflected in a Christmas bauble decoration near the bank in London, Thursday, Dec. 15, 2022. The Bank of England raised the benchmark rate by half a percentage point, to 3.5%, the highest level in 14 years, but toned down the pace as inflation shows signs of easing. (AP Photo/Alastair Grant)
            
              The Bank of England is reflected in a Christmas bauble decoration near the bank in London, Thursday, Dec. 15, 2022. The Bank of England raised the benchmark rate by half a percentage point, to 3.5%, the highest level in 14 years, but toned down the pace as inflation shows signs of easing. (AP Photo/Alastair Grant)
            
              A flower breaks though the snow outside the Bank of England which has raised is base rate to 3.5 percnet in London, Thursday, Dec. 15, 2022. The Bank of England raised the benchmark rate by half a percentage point, to 3.5%, the highest level in 14 years, but toned down the pace as inflation shows signs of easing. (AP Photo/Alastair Grant)
            
              The Bank of England which has raised its key base rate by 0.5 percent to 3.5 percent is reflected in a Christmas bauble decoration near the bank in London, Thursday, Dec. 15, 2022. The Bank of England raised the benchmark rate by half a percentage point, to 3.5%, the highest level in 14 years, but toned down the pace as inflation shows signs of easing. (AP Photo/Alastair Grant)
            
              The Bank of England in London, Thursday, Dec. 15, 2022. The Bank of England raised the benchmark rate by half a percentage point, to 3.5%, the highest level in 14 years, but toned down the pace as inflation shows signs of easing. (AP Photo/Alastair Grant)
            
              A statue of the Duke of Wellington in the square outside the Bank of England in London, Thursday, Dec. 15, 2022. The Bank of England raised the benchmark rate by half a percentage point, to 3.5%, the highest level in 14 years, but toned down the pace as inflation shows signs of easing. (AP Photo/Alastair Grant)
Bank of England hikes interest rates again but softens pace