Bank of England surprises markets by raising rates to 0.25%

Omicron not seen as a serious threat

clock • 2 min read
The Bank of England
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The Bank of England

The Bank of England’s Monetary Policy Committee has voted to raise interest rates from 0.1% to 0.25% in an eight to one decision.

The central bank said the economic conditions it had been waiting for to raise rates had been met, explaining that "the labour market is tight and has continued to tighten, and there are some signs of...

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