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Bank of England makes biggest interest rate hike in 30 years

Por: Associated Press Health November 04, 2022

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LONDON (AP) — The Bank of England rolled out its biggest interest rate increase in three decades Thursday, saying the move was needed to beat back stubbornly and is likely to trigger a “prolonged” recession.The central bank boosted its key rate by three-quarters of a percentage point, to 3%, as has driven up food and energy costs, pushing consumer price . The aggressive step was expected after a more cautious half-point increase six weeks... + full article



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