Bank of England raises interest rates in bid to tame inflation - Al Jazeera English

UK’s central bank hikes key interest rate to 1.75 percent, its highest level since 2008, and warns of recession ahead.

The United Kingdoms central bank has made its biggest increase to interest rates in 27 years in a bid to smother soaring inflation and warned the country faces a long recession ahead. Reeling from a… [+3429 chars]

full article...