The Bank of England raises its interest rates by 0.75 percentage point, to 3.00%, the largest increase in 33 years, amid soaring inflation and a cost of living crisis in the UK. The bank also predicts a record-length recession, lasting until mid-2024.
The Bank of England raises its interest rates by 0.75% to 3%, the largest increase in 33 years, amid soaring inflation and a cost of living crisis in the UK. The Bank of England also predicts a record long recession lasting until mid-2024.
The Bank of England raises its interest rates by 0.75 percentagepoint,to3.00%, the largest increase in 33 years, amid soaring inflation and a cost of living crisis in the UK. The bank also predicts a record-length recession, lasting until mid-2024.