Bank of England hikes interest rates by 25 basis points after inflation surprises

Summary by Ground News

The Bank of England on Thursday hiked interest rates to their highest level since 2008, as it grapples with persistent high inflation against the backdrop of concerns over the banking system.

Published 2 months ago · London, United Kingdom

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Times of India

Bank of England hikes interest rates by 25 bps after inflation surprises

Sounding more upbeat about the outlook for the country's slow pace of economic growth, the BoE's nine rate-setters voted 7-2 in favour of a 25 basis-point increase in Bank Rate to 4.25%.

2 months ago·Mumbai, India

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BBC News

Interest rate rise: Bank of England more hopeful on UK economy

Andrew Bailey's comments come as the Bank raises interest rates to 4.25% to try to combat inflation.

2 months ago·United Kingdom

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The Guardian

Bank of England raises UK interest rates by quarter point to 4.25%

Monetary policy committee votes to increase base rate after February’s surprise rise in inflation

2 months ago·London, United Kingdom

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Reuters

Bank of England raises interest rates again, sees inflation falling

The central bank's nine rate-setters voted 7-2 in favour of a 25 basis-point increase in Bank Rate to 4.25%

2 months ago·United Kingdom

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CTV News

U.K. central bank hikes rates like U.S. Fed amid financial turmoil

The Bank of England focused on fighting inflation, announcing an 11th consecutive interest rate increase Thursday despite concerns about the economic fallout from troubles in the global financial system.

2 months ago·Toronto, Canada

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