The Bank of England has raised interest rates by 0.5 percent.
The UK's central bank also warned the country may already be in a recession, as it announced rates are going up to 2.25 percent.
Giles Gibson reports from outside the Bank of England in London.
IN: "Well this hike…"
OUT: "...Giles Gibson, London."
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http://www.fsnradionews.com/feeds/0922-BoE-gg-generic.mp3
OUT: "...Giles Gibson, London."
DUR: 00:41
http://www.fsnradionews.com/feeds/0922-BoE-gg-generic.mp3