By Chris Dorrell Markets are growing increasingly confident that the Bank of England will cut interest rates in June, yet economists are not sure how much of an impact the interest hikes have actually had. As inflation took off in the aftermath of Russia’s invasion of Ukraine, central banks all over the world started aggressively hiking interest rates. The Bank of England has hiked rates from just 0.1 per cent in December 2021 to a post-financial crisis high of 5.25 per cent. Economists feared that unemployment would have to rise sharply as a result and the economy to contract in order to brin…