The Bank of England’s longest series of interest rate increases in three decades is starting to hurt businesses, an indication that policy makers may not have much more to do to rein inchief economist at the Institute
of Directors, said rates may peak “lower than the market is expecting.” Investors are pricing in at least two more quarter-point increases in the base rate, which the BOE boosted to a 15-year high of 5.25% on Thursday.
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