Bank of England hikes interest rates for 12th time in battle with inflation


The Bank of England raised interest rates by a quarter of a percentage point Thursday in its battle with inflation and said the UK economy would dodge a recession as energy prices fall.
The decision to impose a 12th consecutive hike takes the main borrowing rate for commercial banks in the United Kingdom to 4.5%, the highest since October 2008. It comes a week after the US…

This story from was posted on 2023-05-11 by @birdsky.


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