The Bank of England raised its key interest rate to 2.25% from 1.75% on Thursday and said it would continue to “respond forcefully, as necessary” to inflation, despite the economy entering recession. The BoE estimates Britain’s economy will shrink 0.1% in the third quarter – partly due to the extra...
https://www.hellenicshippingnews.com/bank-of-england-raises-rates-to-2-25-despite-likely-recession/