Bank of England readies for biggest rate rise since 1989

Bank of Endland announces biggest rate hike in 33 years

“It is a tough road ahead,” says BoE governor.

Bank of England makes biggest interest rate hike in 30 years

The central bank boosted its key rate by three-quarters of a percentage point Thursday, to 3%, after consumer price inflation returned to a 40-year high in September.

Bank of England makes biggest interest rate hike in 30 years

The bank forecast that the British economy is likely to contract for two years through June 2024 — the longest recession since at least 1955.

Bank of England interest rate hike explained

Is it inevitable that the economy descends into a protracted recession?

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