Economy
BoE at risk of ‘overdoing’ interest rate hikes, ICAEW warns
Suren Thiru, economics director at ICAEW, said the rate rise will ‘come as a nasty blow’ to those already battling escalating borrowing costs and other severe cost pressures
The ICAEW has warned that the Bank of England (BoE) is at risk of “overdoing” interest rate hikes following yesterday’s announcement that it has raised the rate for the 12th consecutive time to 4.5%.
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