After Extra Large Rate Increase, Bank of England’s Critics Multiply

“Mortgage misery for millions.” “Rate rise nightmare.” These were just two of the grim headlines on

taking aim at the Bank of England on Friday, the day after it announced a surprisingly large increase in interest rates.

With inflation running persistently high, the country’s central bank officials took more forceful action than expected on Thursday, raising rates half a point to 5 percent, the highest level…