London central bank | Zee News

Advertisement

NewsLondon central bank

London central bank News

Bank of England warns recession

04 Nov 2022

UK economy may fall into the longest recession in 100 years: Bank of England

UK risked being plunged into the longest recession in 100 years. BoE makes historical interest rate hike to 3% since 1989 due to weak economic cues. The UK economy faces a "very challenging outlook".

Bank of England Interest Rate

03 Nov 2022

Bank of England makes the historic interest hike to 3%, its biggest since 1989

The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989. Britain has already entered a recession that could potentially last two years. Just before Thursday's policy decision, markets expected rates to peak at around 4.75%.

Loading...

NEWS ON ONE CLICK