Bank of England plans biggest interest rate hike in 27 years as inflation soars

Bank of England plans biggest interest rate hike in 27 years as inflation soars

LONDON, February 03: Bank of England Governor Andrew Bailey leaves after a press conference at the Bank of England on February 3, 2022 in London, England. The Bank is expected to raise interest rates for a fifth straight meeting on Thursday, but faces a difficult balancing act between supporting growth and curbing inflation. Dan Kitwood …

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