Bank Of England Raises Interest Rates
On the day that the Bank of England announced a rise, from 1.25% to 1.75% in the interest rate, the highest increase in 27 years, Londoners walk past Bank Underground station andthe Bank of England, on 4th August 2022, in the City of London, England. This increase is widely seen as a slide towards inflation with a shrinking of the UK economy - the start of its fall into recession in the third financial quarter of 2022.
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- city_economy-32-04-08-2022.jpg
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- Richard Baker
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- www.bakerpictures.com
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Bank Station Britain British British Isles City of London England Great Britain London London Underground TFL Transport Travel UK United Kingdom bank of england banking banks business city commute cost of living deepening downturn economics economy finance financial financial district financial insitutions increase inflation interest rate interest rates journey money markets public transport recession route square mile trade trading transport system transportation urban
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