Interest rates could be hiked TWICE to tackle red hot inflation, experts predict

BRITS face an even bigger hit to their wallets with experts predicting two more interest rate hikes to tackle red hot inflation. Latest UK data shows inflation — which measures the rate of price ri…

overall consumer price inflation edged down from 10.4 per cent to 10.1 per cent in March — largely due to an 8.4 per cent fall in the price of petrol.

Financial traders hoped the Bank would start easing off on rate rises.by at least 0.25 percentage points in May and another 0.25 percentage points in June.

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