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.
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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.