Recession warning: Bank of England raises interest rates to 1.75%: Interview with George Buckley, an economist at Nomura as the UK is set to fall into it longest recession since the financial crisis. The Bank of England warned that inflation will peak at more than 13% as gas prices soar, while it raised its base interest rate to 1.75% from 1.25%, the biggest single rise since 1995.
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Chaos as Bank of England raises interest rates to 1.75%
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