UK’s historic rate hike comes with a warning
Aug 4th 2022 7:58am EDT
The Bank of England hikes its benchmark rate and warns of an impending recession The Bank of England announced the steepest interest rate hike since 1995 on Thursday, as it battles against soaring inflation. The regulator increased its benchmark rate by half a percentage point to 1.75% in the sixth interest rate rise since December. […]
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