Interest rates rise again but Bank of England hints at a brighter future - short news
Threadneedle Street is still expecting a recession but it is likely to be a mild one by UK standards
Bank of England raises UK interest rates to 4%It is going to be bad but not as bad as previously feared. Interest rates may be near their peak. Inflation will be close to zero in a couple of years. Recent shocks have damaged the economy’s supply potential. Those were the main messages from the Bank of England as it raised interest rates for a 10th successive time.
Threadneedle..
source: The Guardian - 02.02.2023