Bank Of England To Slow Rate Hikes Ahead Of 'Prolonged' Recession

The Bank of England is likely to shift the gear down on interest rate hikes this week as the economy enters a 'prolonged' recession and inflation is seen slowing towards the 2 percent target in two years' time. Markets have penciled in a 50 bps rate hike, after the central bank delivered a 75 bps increase in November, which was the biggest in 33 years.

from RTT - Top Story https://ift.tt/4eaz3Mu
via IFTTT