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Wednesday, Oct 05, 2022

BoE flags risk of recession and 10% inflation as it raises rates again

BoE flags risk of recession and 10% inflation as it raises rates again

The Bank of England sent a stark warning that Britain risks a double-whammy of a recession and inflation above 10% as it raised interest rates on Thursday to their highest since 2009, hiking by quarter of a percentage point to 1%.
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