100 basis points rise; sharpest increase since January 2001 and second in three monthsEconsult warns move would cause vicious cycle as hike will push up input costs for productive economy and higher costs will be passed down to consumers as higher pricesPlaces significant downside risk to SMEs and corporates who are still highly leveragedResearch firm and think tank Econsult says Friday’s rate hike by the Central Bank by 100 basis points is a double blow to the economy. “Increasing interest rates for external shocks is a double blow to the economy in the current environment,” Econsult argued a…