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Bank of England delivers biggest interest rate hike in 33 years

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The Bank of England announces in a press conference it is hiking its key interest rate by 0.75 percentage points, the biggest increase in 33 years, to fight inflation set to peak around 11 percent in recession-hit Britain. The latest rate hike mirrors aggressive rate-tightening by central banks worldwide as economies battle the highest prices in decades. SOUNDBITE

Added on the 03/11/2022 13:56:02 - Copyright : AFPTV - First images

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