Bank of England set to hike interest rates to 13 year high to tackle cost crunch
They're expected to go up to 1% this lunchtime Interest rates are expected to be hiked once again on Thursday to their highest level for 13 years as the Bank of England battles to cool rocketing inflation. The Bank’s policymakers are predicted to increase rates from 0.75% to 1% – a level not seen since early 2009 – and ramp up its forecasts for inflation as the Ukraine war compounds […]