Bank Of England Raises Rates As Recession Looms

Person Holding Blue and Clear Ballpoint Pen

Image Source: Pexels

The Bank of England raised rates by 50bp on Thursday, the most in a quarter century, as inflation sits at a 40-year high. And despite forecasting a protracted recession, the central bank also pledged to act 'forcefully' again in the future if needed. In this podcast, ING's James Smith discusses the rationale behind the decision and what could happen now.


More By This Author:

Bank Of England Hikes Rates Again Amid Dire UK Recession Warnings
FX Daily: Reports Of Sterling’s Demise Are Exaggerated
Eurozone Retail Sales Continue To Slide As Inflation Bites

Disclaimer: This publication has been prepared by the Economic and Financial Analysis Division of ING Bank N.V. (“ING”) solely for information purposes without regard to any ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.