More jumbo Bank of England rate hikes on a knife edge if UK tips into long recession

More jumbo Bank of England rate hikes on a knife edge if UK tips into long recession

City A.M.

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More super-sized rate hikes in the coming months from the Bank of England are on a knife edge if the economy slumps into a prolonged recession, City economists are betting. Consumers and businesses may struggle to absorb further 50 basis point rate rises, likely prompting the Bank to slowdown its rate hike cycle, experts said [...]

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