Bank of England raises prices to 2.25%, in spite of most likely recession

The Bank of England elevated its essential rates of interest to 2.25% from 1.75% on Thursday and also said it would certainly continue to “respond forcefully, as needed” to rising cost of living, regardless of the economic situation entering recession. The BoE approximates Britain’s economic climate will certainly shrink 0.1% in the 3rd quarter – … Read moreBank of England raises prices to 2.25%, in spite of most likely recession