The content originally appeared on: CNN London (CNN Business)The Bank of England announced its seventh interest rate hike in less than a year on Thursday, despite forecasting a recession, as it battles the highest level of inflation of any G7 economy. The central bank repeated last month's hike of half a percentage point, taking rates to 2.25% from 1.75%. It said it expected inflation to peak next month at 11%, lower than it previously expected because of government intervention to […]
