Bank of England hikes rates again, warns on recession ...Qatar

The Bank of England hiked its interest rate sharply again Thursday to combat decades-high inflation but warned the UK economy was slipping into recession. The BoE’s second half-point increase in a row follows this week’s super-sized rate hikes from the US Federal Reserve and other global central banks, as policymakers seek to tame red-hot consumer prices. The BoE met most market expectations as it lifted its key rate by 0.5 percentage points to 2.25%, repeating its August move that had already taken borrowing costs to a 14-year high. And it noted the inflation outlook improved as a result of British Prime Minister Liz Truss’s plans to freeze energy prices for businesses and households — and

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