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Added on the 03/11/2022 15:20:50 - Copyright : Euronews EN
Interest rates
As the Bank of England hikes interest rates to keep prices in check, the UK's inflation rate remains worse than the EU's. Here's why.
Food thefts in the UK have soared in recent weeks, fuelled by runaway record inflation.
The Bank of England has warned the UK economy may already be in recession, as it hikes interest rates for the seventh time to combat the spiralling pace of price rises. Inflation is still hovering nearly 40-year highs, just under 10%. Meanwhile, Turkey's central bank continues its unorthodox monetary policy, lowering interest rates despite inflation topping 80%. Also in the show - French President Emmanuel Macron inaugurates the country's first offshore wind farm.
Germany, along with many EU countries, is facing its highest inflation rates for many years sparking fears among many citizens