Thursday, November 3, 2022

Bank of England announces biggest rate hike in 30 years

People walk outside the Bank of England in London

The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation fuelled by Russia's invasion of Ukraine and the disastrous economic policies of former prime minister Liz Truss.



source https://www.cbc.ca/news/business/bank-of-england-rate-hike-1.6639094?cmp=rss

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