The Bank of England's historically sharp interest rate hike on Thursday - the steepest increase for 30 years - will bring a 'huge human cost', Andrew Marr has said.
"Today, the Bank of England raised interest rates to 3%, the sharpest increase for 30 years. It said we were already in a recession, deeper than expected, which would be “very challenging” and last for 2 years, the longest since the First World War."
"So if ever a financial decision deserved hard cross examination, it's this one. Some leftish economists blame the Bank of England itself," Andrew added.every Monday to Thursday from 6pm to 7pm
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Bank of England raises interest rates by 0.75 percentage points\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
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