Bank of England Raises Interest Rates to 1.75% in Biggest Hike in 27 Years

THE GUARDIAN: Policymakers increase base rate by 0.5 percentage points, the sixth rise in a row as the cost of living soars

The Bank of England has raised interest rates by 0.5 percentage points to tackle the soaring cost of living, despite concerns that the economy is heading for a recession. » | Phillip Inman | Thursday, August 4, 2022

WARNING FROM THE BANK OF ENGLAND:

Bank of England warns the UK will fall into recession this year: The Bank of England has warned that the UK will fall into recession this year as it raised interest rates from 1.25% 1.75% in a bid to curb soaring prices. »


Bank of England hikes interest rates and says inflation will hit 13%: Base rate raised by 0.5 percentage points to 1.75%, as Bank predicts prolonged recession starting later this year »