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Interest rates: Bank of England hikes by half a point for second straight month

Por: CNN Business September 22, 2022

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London (CNN Business)The announced its seventh interest rate hike on Thursday, despite forecasting a recession, as it battles the highest level of inflation of any G7 economy. The central bank repeated last month's hike of half a percentage point, taking rates to 2.25% from 1.75%. It said it expected inflation to peak next month at 11%, lower than it previously expected because of government intervention to subsidize energy bills.Should the... + full article



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