Bank of England to raise the bank rate to 3.5%
Shaneille Anderson2023-01-12T11:18:11-05:00January 12, 2023 Since the November Monetary Policy Report and the preceding Bank of England’s Monetary Policy Committee (MPC) meeting, decided on the elevated path of market interest rates at the time, the UK economy was expected to be in recession for a prolonged period and CPI inflation was expected to remain very high in