Bank of England hikes 50bps, says UK may already be in recession

Bank of England hikes 50bps, says UK may already be in recession

The Bank of England has warned that the UK will enter recession later this year. The expected recession is expected to be the longest since the global financial crisis. Vuk Valcic | SOPA Images | light flare | Getty Images LONDON — The Bank of England voted to raise its base rate to 2.25% from …

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