Bank of England launches biggest interest rate hike in 27 years as inflation soars - CNBC
8/4/2022 12:00:00 AM2 years 8 months ago
by Elliot Smith
by Elliot Smith
The Bank of England on Thursday hiked interest rates by 50 basis points, its largest single increase since 1995, as it tries to rein in runaway inflation.
LONDON The Bank of England on Thursday hiked interest rates by 50 basis points, its largest single increase since 1995, and projected the U.K.'s longest recession since the global financial crisis. … [+5409 chars]
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