Bank of England hikes rates by 50 basis points, now sees 'much shallower' recession than feared

Bank of England hikes rates by 50 basis points, now sees 'much shallower' recession than feared This is a developing news story. Please check back for updates: https://www.cnbc.com/2023/02/02/bank-of-england-hikes-rates-by-50-basis-points-turns-less-bleak-on-the-economy.html Follow @CNBCnow for breaking news and real-time market updates Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel   Digital Products Feedback Privacy Policy CNBC Events   © 2023 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS