The Bank of England is likely to announce its biggest interest rate increase in more than 27 years as it seeks to rein in accelerating inflation driven by the fallout from Russia’s invasion of Ukraine
LONDON The Bank of England is likely to announce its biggest interest rate increase in more than 27 years on Thursday as it seeks to rein in accelerating inflation driven by the fallout from Russia's invasion of Ukraine.
Most economists expect the bank's monetary policy committee to approve a h
Like many other emerging economies, Bangladesh is also a victim of the global economic crisis. As indicated by the World Economic Outlook of the IMF, a fear of global recession coupled with rising inflation has been looming large leading to unprecedented financial turbulences across the board. When the world economy was trying to recover from the economic slowdown forced by the pandemic, it confronted severe supply chain disruptions. And then came the Russia-Ukraine war out of blue creating further risks of supply chain disruptions.