Home » today » Business » Bank of England announces largest rate hike in 33 years, warns economy could be in recession until 2024

Bank of England announces largest rate hike in 33 years, warns economy could be in recession until 2024

Share on WeChat

Open WeChat, click “Discover” at the bottom,
Use “Scan” to share web pages on Moments.

First financial 2022-11-04 16:15:23

Editor in charge: Zhu Mengyun

The Bank of England announced the 3 that it would raise the benchmark interest rate from 2.25% to 3%. The Bank of England said the economy has continued to contract since the third quarter and has slipped into a technical recession that is expected to last into the first half of 2024.

video">

Bank of England announces largest rate hike in 33 years, warns economy could be in recession until 2024

The Bank of England announced the 3 that it would raise the benchmark interest rate from 2.25% to 3%. The Bank of England said the economy has continued to contract since the third quarter and has slipped into a technical recession that is expected to last into the first half of 2024.

This content is original to Yicai and the copyright belongs to Yicai. Without CBN’s written permission, it may not be used in any way, including reprinting, extracting, copying or creating mirror images. Yicai.com reserves the right to pursue the legal liability of offenders. For authorization, contact the Yicai copyright office: 021-22002972 or 021-22002335; [email protected].

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.