{"id":75764,"date":"2022-11-16T21:07:00","date_gmt":"2022-11-16T17:07:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=75764"},"modified":"2022-11-17T03:41:08","modified_gmt":"2022-11-16T23:41:08","slug":"boes-dhingra-additional-rate-hikes-could-deepen-uk-recession","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/boes-dhingra-additional-rate-hikes-could-deepen-uk-recession\/11\/16\/market-updates\/","title":{"rendered":"BoE\u2019s Dhingra: Additional rate hikes could deepen UK recession"},"content":{"rendered":"\n<p>BoE\u2019s Swati Dhingra said on Wednesday that the British central bank could deepen an expected recession if its pushes up borrowing costs beyong the present level.<br><br>&#8220;You could think of getting into a much deeper, much longer recession if rates continue to rise because there is already about a fairly sizeable chunk of the previous rate rises that have got to take effect in terms of what they do to GDP,&#8221; Dhingra told the Treasury Committee in Britain&#8217;s parliament.<br><br>Dhingra added, &#8220;There is a risk of over-tightening, and that&#8217;s the thing I am worried about at this point.&#8221; Dhingra voted for half-percentage-point increase in interest rates earlier this month. Most of her colleagues backed a 75 basis-point hike.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BoE\u2019s Swati Dhingra said on Wednesday that the British central bank could deepen an expected recession if its pushes up borrowing costs beyong the present level.&#8220;You could think of getting into a much deeper, much longer recession if rates continue to rise because there is already about a fairly sizeable chunk of the previous rate &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53410,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6967,10080,8143],"class_list":["post-75764","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boe","tag-dhingra","tag-interest-rate-hikes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=75764"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75764\/revisions"}],"predecessor-version":[{"id":75770,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75764\/revisions\/75770"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53410"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=75764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=75764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=75764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}