This looks like panicking about inflation

In the middle of a cost of living crisis this action will damage families and businesses

Of course we can’t be complacent about inflation, but this sort of increase in the cost of money will surely push us into recession
RT @faisalislam: NEW: 🚨

*Bank of England raises interest rates by 0.5% to 1.75%, biggest rise in 25 years,
*as it predicts an even higher peak in inflation of 13 (…

🐦🔗: https://nitter.eu/GreenPartyMolly/status/1555149206607863809