Thu. Jul 18th, 2024

Bank of England puts interest rate up to 3.5%

Bank of England puts interest rate up to 3.5%

The Bank of England has revealed a 0.5 percentage point interest rate increase - its ninth consecutive rise as it maintains its battle against inflation.

The decision, by its Monetary Policy Committee (MPC), took the bank rate to 3.5% - a fresh high not seen since the 2008 financial crisis.

#skynews #interestrates #bankofengland

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