Cost of borrowing up to highest level since 2008 as interest rate hiked to 3%
The cost of borrowing is to rise significantly after the Bank of England Monetary Policy Committee (MPC) voted to raise its interest rate to three per cent – the highest rate in nearly 15 years.
Cost of borrowing up to highest level since 2008 as interest rate hiked to 3%
The cost of borrowing is to rise significantly after the Bank of England Monetary Policy Committee (MPC) voted to raise its interest rate to three per cent – the highest rate in nearly 15 years.
The Bank of England raises rates to 3%, the highest level since 2008
The Bank of England announced on Thursday an interest rate hike of 0.75 percentage points to 3%, the highest level since 2008. The Monetary Policy Committee of the English issuing bank voted by a majority (7 to 2) in favour of this increase in the price of money, as a way of controlling year-on-year inflation in the United Kingdom, which stands at 10.1%, compared to the official target of 2%. In its statement, the bank has indicated that the Uni…
The Bank of England raises rates to 3%, the highest level since 2008
The Bank of England announced on Thursday an interest rate hike of 0.75 percentage points to 3%, the highest level since 2008. The Monetary Policy Committee of the English issuing bank voted by a majority (7 to 2) in favour of this increase in the price of money, as a way of controlling year-on-year inflation in the United Kingdom, which stands at 10.1%, compared to the official target of 2%. In its statement, the bank has indicated that the Uni…