Bank of England Sets Biggest Rate Hike in 33 Years

2 年前
CNN reports that the central bank increased interest rates by three quarters of a percentage point on Nov. 3. The historical hike puts the Bank of England's benchmark rate at 3%. CNN reports that it hasn't been that high since November 2008. The U.S. Federal Reserve and European Central Bank made similar moves recently as soaring inflation continues to threaten a recession.