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 Bank of England hikes rates by 50 basis points, now sees ‘much shallower’ recession than fearedNext European Central Bank raises rates by 50 basis points, pledges further hike in March More Stories World CNBC’s The China Connection newsletter: A tech boom is underway 31 mins ago World About 600 North Korean soldiers killed in war in Ukraine, lawmakers say 31 mins ago World Swiss giant UBS beats expectations with $1.69 billion profit in first quarter 31 mins ago Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website