Bank of England to hike interest rates to 5.5 per cent to tame scorching inflation
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The Bank of England will have to hike interest rates to a peak of 5.5 per cent, threatening to tip the UK economy to near a recession to tame steaming inflation, markets have priced in today, after fresh numbers showed price pressures are withstanding prior rate rises. Upward moves in financial markets’ expectations for peak [...]
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