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London 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%.
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