Bank of England set to raise rates again as inflation heads for 10%

Bank of England warns inflation will hit 11pc – but still votes against bigger interest rate rise

Interest rates rise 0.25pc as Chancellor suggests he will not cut taxes until prices are tamed

Bank of England hikes interest rates again as inflation heads towards 11%

By Anna Cooban, CNN BusinessThe United Kingdom’s central bank has hiked interest rates for a fifth time since December in a bid to tame spiraling inflation.The Bank of England said on Thursday that it would raise the cost of borrowing by 25 basis points to 1.25% despite fears that soaring prices are squeezing households and weighing on economic growth.“Bank staff now expect GDP to fall by 0.3% in the second quarter as a whole, weaker than antici…

Bank of England hikes interest rates again as inflation heads towards 11%

The United Kingdom's central bank has hiked interest rates for a fifth time since December in a bid to tame spiraling inflation.

Bank of England hikes rates for fifth time to battle soaring inflation

The move comes as central banks worldwide step up their efforts to tame inflation.

Bank of England hikes rates for 5th time as inflation heads for 10%

The Bank of England (BoE) has raised interest rates by a quarter-percentage-point, shrugging off pressure for a bolder move to combat price increases that...

Bank of England under pressure to aggressively raise rates

The Bank of England is under pressure to raise interest rates more aggressively amid concern that the quarter-percentage-point hike expected Thursday will do little to combat price increases that have pushed inflation to a 40-year high.