Tag Archives: Bank of England unveils biggest rate hike since 1995

LONDON: Britain will sink into a lengthy recession later this year as inflation rockets even higher, the Bank of England forecast on Thursday as it unveiled the biggest interest rate hike since 1995. The move comes as Britons endure a cost-of-living crisis that has dominated the race to succeed Boris Johnson following his resignation as prime minister. The BoE’s Monetary …

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