Bank of England makes fifth consecutive interest rate hike

Bank rate jumps to 1.25%

Elliot Gulliver-Needham
clock • 1 min read
The Bank of England
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The Bank of England

The Bank of England has made its fifth consecutive rates rise, hiking interest rates from 1% to 1.25%.

The central bank's Monetary Policy Committee voted six to three to raise rates by 25 basis points, with the rest voting for a 50 basis points rise. This move was widely expected, with most analy...

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