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Bank of England sets biggest rate hike in 33 years and warns of a long recession

Por: CNN Business November 03, 2022

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London CNN Business  —  The raised interest rates by three quarters of a percentage point on Thursday, the biggest hike in 33 years, as it tries to contain even as the UK economy that could last two years. The central bank made its eighth interest rate hike in less than a year, taking its benchmark rate to 3%, the highest it has been since November 2008. The huge hike matches moves made by the and the . “Inflation is too high, and it’s... + full article



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