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Danica Kirka, The Associated Press

The aggressive move comes even as the bank predicted a two-year economic contraction

  • November 3, 2022 November 3, 2022
  • 10:11

With rampant inflation, public borrowing rose to 98% of economic output in September

  • October 21, 2022 October 21, 2022
  • 11:34

Fuel costs up 32% year over year

  • September 14, 2022 September 14, 2022
  • 11:26

Inflation in the U.K. is expected to surge to 13% in the fourth quarter

  • August 4, 2022 August 4, 2022
  • 10:55

The decision aims to contain inflation without choking off economic growth, the central bank said

  • June 16, 2022 June 16, 2022
  • 13:01

The move follows a December hike and concern about rising consumer prices

  • March 17, 2022 March 17, 2022
  • 11:37

In contrast, the ECB doesn't plan to raise rates until 2023 despite record inflation

  • February 3, 2022 February 3, 2022
  • 11:06

Economists expect caution in the months ahead

  • August 2, 2018 August 2, 2018
  • 00:00