Bank of England raises interest rates to 2.25 per cent

The Bank of England has raised interest rates to 2.25 per cent – the highest level since the 2008 financial crisis.

It has also warned the United Kingdom could already be in recession.

“We’re already seeing signs that the economy is slowing from short-term indicators and that kind of thing,” Resolution Foundation Economist James Smith said.

“We’re going to see more of that in the coming months.”

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Written by Bourbiza Mohamed

I have 26 years of experience as a professional writer and editor and have been working as a full time freelancer since 2011. I am originally from Casablanca, Morocco, and I graduated from Qatar University with a degree in journalism. I have worked for newspapers, magazines, news agencies, websites. I speak fluent Arabic, French, English, Russian and Spanish.

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