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Bank of England hikes by 50 basis points, says UK may already be in recession

Por: CNBC Business September 22, 2022

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The Bank of England warned that the U.K. will enter recession later this year. The expected recession is forecast to be the longest since the global financial crisis.Vuk Valcic SOPA Images LightRocket Getty ImagesLONDON — The Bank of England voted to raise its base rate to 2.25% from 1.75% Thursday, lower than the 0.75 percentage point increase that had been expected by many traders.Inflation in the U.K. dipped slightly in August but remained... + full article



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