Bank of England predicts recession as it enacts largest rate hike in 27 years

Inflation peak of 13%

Elliot Gulliver-Needham
clock • 2 min read

The Bank of England has raised interest rates by 0.5%, its largest hike since 1995, as it forecast a recession in the UK by the end of this year.

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Elliot Gulliver-Needham
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Elliot Gulliver-Needham

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