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Pound Crashes After BOE Hikes By Most Since 1995, Warns Of Crushing Stagflationary Recession

The BOE also boosted its forecast for the peak of inflation from 13.1% to 13.3% in October amid a surge in gas prices, and warned that price gains will remain elevated throughout 2023 as stagflation. That will sharpen a cost of living crisis that will see real disposable incomes fall more than at any time in around 60 years.o
Posted: 2022-08-04 05:29:06.000000

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