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Plastic letters arranged to read "Inflation" are placed on British Pound banknote

Reuters

Hard Numbers: BoE warns of recession, Joseph Stalin arrested, cops charged in Breonna Taylor death, Kenyan women lawmakers targeted

27: The Bank of England raised interest rates by 50 basis points on Thursday, its biggest hike in 27 years, and the bank warned that inflation will likely peak at a staggering 13.3% this fall with a drawn-out recession being all but inevitable.

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