Bank of England meets expectations with 25bps hike

Interest rate rise was in line with Fed and ECB

Elliot Gulliver-Needham
clock • 1 min read
Bank of England meets expectations with 25bps hike

The Bank of England has hiked interest rates by 25 basis points, in line with expectations from the market as the bank continues to struggle to lower inflation.

The bank's Monetary Policy Committee (MPC) hiked interest rates from 4.25% to 4.5%, by a vote of seven to two, with two members voting to keep interest rates unchanged. In the MPC's report, it s...

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