World Bank of England hikes rates by 50 basis points, now sees ‘much shallower’ recession than feared 2 years ago The Bank of England on Thursday hiked interest rates by 50 basis points. Continue Reading Previous Oil giant Shell posts highest-ever annual profit of $40 billionNext Bank of England hikes rates by 50 basis points, now sees ‘much shallower’ recession than feared More Stories World IMF cuts 2025 growth forecast for major Asian economies, warns of global slowdown on trade worries 31 mins ago World Russia-Ukraine war: List of key events, day 1,154 32 mins ago World CNBC Daily Open: Trump and Musk reassure investors, sending stocks higher 2 hours ago Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website