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Bank of England makes biggest interest rate hike in 30 years

A man walks in front of the Bank of England, at the financial district in London, Thursday, Nov. 3, 2022. The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation fueled by Russia's invasion of Ukraine and the disastrous economic policies of former Prime Minister Liz Truss. (AP Photo/Kin Cheung) A placard shows a house for sale in London, Thursday, Nov. 3, 2022. The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation fueled by Russia's invasion of Ukraine and the disastrous economic policies of former Prime Minister Liz Truss. (AP Photo/Kin Cheung) A woman walks past an estate agent in London, Thursday, Nov. 3, 2022. The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation fueled by Russia's invasion of Ukraine and the disastrous economic policies of former Prime Minister Liz Truss. (AP Photo/Kin Cheung) A placard shows a house for sale in London, Thursday, Nov. 3, 2022. The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation fueled by Russia's invasion of Ukraine and the disastrous economic policies of former Prime Minister Liz Truss. (AP Photo/Kin Cheung) Governor of the Bank of England Andrew Bailey, left, during a press conference for the release of the Monetary Policy Report, at the Bank of England, London, Thursday, Nov. 3, 2022. The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation fueled by Russia’s invasion of Ukraine and the disastrous economic policies of former Prime Minister Liz Truss. (Toby Melville/Pool Photo via AP) A woman with an umbrella stands in front of the Bank of England, at the financial district in London, Thursday, Nov. 3, 2022. The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation fueled by Russia's invasion of Ukraine and the disastrous economic policies of former Prime Minister Liz Truss. (AP Photo/Kin Cheung) The Bank of England, is seen at the financial district in London, Thursday, Nov. 3, 2022. The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation fueled by Russia's invasion of Ukraine and the disastrous economic policies of former Prime Minister Liz Truss. (AP Photo/Kin Cheung) Governor of the Bank of England Andrew Bailey during a press conference for the release of the Monetary Policy Report, at the Bank of England, London, Thursday, Nov. 3, 2022. The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation fueled by Russia’s invasion of Ukraine and the disastrous economic policies of former Prime Minister Liz Truss. (Toby Melville/Pool Photo via AP) Governor of the Bank of England Andrew Bailey during a press conference for the release of the Monetary Policy Report, at the Bank of England, London, Thursday, Nov. 3, 2022. The Bank of England has announced its biggest interest rate increase in three decades as it tries to beat back stubbornly high inflation fueled by Russia’s invasion of Ukraine and the disastrous economic policies of former Prime Minister Liz Truss. (Toby Melville/Pool Photo via AP)
Bank of England makes biggest interest rate hike in 30 years