Bank of England increases rates by 50bps to 5%

‘Inflation target applies at all times’

Cristian Angeloni
clock • 4 min read
Bank of England increases rates by 50bps to 5%

The Bank of England (BoE) has hiked interest rates by 50 basis points.

The BoE's Monetary Policy Committee hiked rates from 4.5% to 5% by a majority vote of seven to two, with two members voting to hold the central bank rate at 4.5%. This was the thirteenth con...

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