Bank of England raises its benchmark rate by 75 basis points, its biggest hike in 33 years

Bank of England Raises Interest Rates by 75 Basis Points, the Highest in 30 Years, To Combat Inflation

After US Federal Reserve hikes key interest rates by 75 basis points, the Bank of England raised bank rate by 75 basis points -- the highest since 1992 -- to 3 per cent for combatting inflation growing in double digits and to curb the energy price crisis in the country. Bank of England Raises Interest Rates by 75 Basis Points, the Highest in 30 Years, To Combat Inflation.

Bank of England makes biggest interest rate hike in 30 years

The Bank of England has rolled out its biggest interest rate increase in three decades, saying the move is needed to beat back stubbornly high inflation that's eroding living standards and is likely to trigger a “prolonged” recession

Bank of England makes its biggest interest rate increase in 30 years

UK central bank makes largest interest rate hike in three decades.

Bank of England sets biggest rate hike in 33 years and warns of a long recession

By Hanna Ziady and Julia Horowitz, CNN BusinessThe Bank of England raised interest rates by three quarters of a percentage point on Thursday, the biggest hike in 33 years, as it tries to contain soaring inflation even as the UK economy slides towards a recession that could last two years.The central bank made its eighth interest rate hike in less than a year, taking its benchmark rate to 3%, the highest it has been since November 2008.The huge h…

Bank of England makes biggest interest rate hike in 30 years

LONDON (AP) — The Bank of England rolled out its biggest interest rate increase in three decades Thursday, saying the move was needed to beat back stubbornly high inflation that is eroding living standards and is likely to trigger a “prolonged” reces

Bank of England makes biggest interest rate hike in 30 years

LONDON (AP) — The Bank of England rolled out its biggest interest rate increase in three decades Thursday, saying the move was needed to beat back stubbornly high inflation that is eroding living standards and is likely to trigger a “prolonged” reces