Bank of England risks tipping UK economy into recession with further interest rate hikes, MPC’s Dhingra warns

The Bank of England risks tipping the UK economy into recession if it raises interest rates too aggressively and worsening the cost of living crisis, a top official said today. Swati Dhingra, an external member of the Bank’s rate setting monetary policy committee (MPC), warned “overtightening poses a more material risk at this point” than [...]