Published 2 years ago

Interest rate raised to 2.25%, the highest level since 2008

Summary by Ground News

The Bank of England hiked its benchmark rate last month by half a percentage point to 1.75%. It's expected to at least match that in its latest decision, which was delayed a week as the United Kingdom mourned Queen Elizabeth II. The central bank warned last month that U.K. inflation would peak at 13.1% this year.

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Times of India

UK economy plunges into recession, Bank of England hikes interest rates to 2.25%, highest since 2008

The Bank of England has increased the key base rate to 2.25 per cent. It has also warned that the United Kingdom is faced with recession. The current inflation rate in the UK is 9.9 per cent.

2 years ago·India

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BBC News

UK may already be in recession - Bank of England

The warning comes as the Bank raises interest rates to 2.25% - the highest level for 14 years.

2 years ago·United Kingdom

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News18 India

Bank of England Hikes Rates by 50 Bps to 2.25%, Avoids More Aggressive Steps

Britain’s central bank raised its key interest rate by another halfpercentage point Thursday, avoiding more aggressive steps to tame inflation that the U.S. Federal Reserve and other banks have taken.

2 years ago·India

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The Guardian

Bank of England raises interest rates to 2.25%, its highest since 2008

Monetary policy committee signals that inflation risks outweigh short-term threat of recession

2 years ago·London, United Kingdom

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CTV News

Bank of England hikes rates but avoids more aggressive step

Britain's central bank raised its key interest rate Thursday by another half-percentage point to the highest level in 14 years, but it avoided more aggressive steps to tame inflation that the U.S. Federal Reserve and other banks have taken.

2 years ago·Canada

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