UK economy: will latest interest rate hike actually curb inflation?

Описание к видео UK economy: will latest interest rate hike actually curb inflation?

If mortgage payers, renters and businesses were feeling the squeeze before today, well now the pips are coming out.

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Five per cent is the new interest base rate announced earlier by the Bank of England - the highest it's been for fourteen years.

That's the pain. The gain?

According to the bank - reduced inflation and the avoidance of a recession.

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