4 August 2022

Listen: Bank of England raises rates as recession looms

The Bank of England raised rates by 50bp on Thursday, the most in a quarter century, as inflation sits at a 40-year high. And despite forecasting a protracted recession, the central bank also pledged to act 'forcefully' again in the future if needed. In this podcast, ING's James Smith discusses the rationale behind the decision and what could happen now

In this podcast, ING's Developed Markets Economist James Smith tells Senior Editor Rebecca Byrne what the Bank of England announced on Thursday, what it means for the British economy and what the central bank could do next.

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