Bank Of England to Hike Interest Rates over Inflation 

The Bank of England is forecast to lift interest rates for a 13th time in a row on Thursday – and may hike sharply to fight stubborn inflation despite such a move worsening a cost-of-living crisis. <br />The BoE had been expected to raise its key lending rate, which stands at 4.50 per cent, by another quarter point to combat inflation which is the highest among G7 nations. <br />However, shock data on Wednesday showing UK inflation holding at 8.7 per cent in May dashed hopes of a slowdown and sparked bets on a larger half-point hike.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>