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Bank of England warns on fallout from rate hikes
Credit: IndiaTimes- Published on December 6, 2023
The Bank of England on Wednesday said its multiple interest-rate hikes aimed at cooling high inflation would prolong a cost-of-living crisis but stressed UK retail banks could contain the fallout. The BoE's Financial Policy Committee (FPC) said in a report that almost five million UK homeowners would see mortgage repayments soar...