Bank of England makes biggest interest rate hike in 30 years

The Bank of England made its biggest interest rate increase in three decades Thursday, joining the U.S. Federal Reserve and other central banks worldwide in rapid hikes as it tries to beat back stubbornly high inflation fueled by Russia’s invasion of Ukraine and the disastrous economic policies of former Prime Minister Liz Truss.
Source: ctv business
Bank of England makes biggest interest rate hike in 30 years