Bank of England Hikes Interest Rates to 13-Year High As Inflation Soars - Markets Insider

Like other central banks around the world, the Bank of England is grappling with red-hot inflation but a slowdown in growth.

The Bank of England raised interest rates by 25 basis points or 0.25 percentage points Thursday, the latest step in its ongoing effort to tame UK inflation, which it said would hit 11% later this yea… [+1893 chars]

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