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UK recession fears mount after Bank of England hikes borrowing rates by more than expected

UK recession fears mount after Bank of England hikes borrowing rates by more than expected
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Andrew Bailey should quit after losing his mind over five percent interest rate rise | UK | News

The 0.5 percentage point increase is the sharpest increase since February, surprising economists who had been expecting a hike of 0.25 percentage points.

East sussexUnited kingdomThijs van rensSambit bhattacharyyaJeremy huntJames forresterAndrew baileySamuel mather holgateBank governor andrew baileyMonetary policy committeeUniversity of warwickEngland governor andrew baileyRishi sunakMurray financialSquare mileIndividual savings

Bank may have bowed to pressure, economists say as markets expect rise to 6%

Bank may have bowed to pressure, economists say as markets expect rise to 6%
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United kingdomSilvana tenreyroMartin beckJeremy huntEngland monetary policy committeeBank governor andrew baileyEy item clubBank rateMonetary policy committeePantheon macroeconomics

Bank may have bowed to pressure, economists say as markets expect rise to 6%

The Bank of England might have bowed to pressure with a surprise half-percentage point hike in the interest base rate, economists said on Thursday.

United kingdomSilvana tenreyroMartin beckJeremy huntBank rateBank governor andrew baileyEngland monetary policy committeeEy item clubMonetary policy committeePantheon macroeconomics

Inflation smashes forecasts again raising chances of larger rate hike

Inflation smashes forecasts again raising chances of larger rate hike
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