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 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.
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BusinessBank 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.
View Premium plansBrowse free archive reportsThe 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.