Bank of England raises interest rates to 4.25pc and warns of further pain
The Telegraph - 2023-03-23T17:57:00.000Z

Rate rise comes after unexpected jump in inflation

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Bank of England raises UK interest rates by quarter point to 4.25%
Monetary policy committee votes to increase base rate after February’s surprise rise in inflationBusiness live – latest updatesWhat the interest rate rise means for youThe Bank of England has raised interest rates by a quarter of a percentage point to 4.25% in response to higher than expected UK inflation and signs that Britain’s economy is holding up better than feared.In a fortnight of heightened unease in global financial markets, the Bank’s monetary policy committee (MPC) voted by a majority...
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- 2023-03-23T12:40:08.000Z
UK interest rates raised to 4.25% by Bank of England, but inflation expected to cool – business live
UK central bank sets interest rates at 14-year high after inflation jumped to 10.4% in FebruaryBank of England raises UK interest rates by quarter point to 4.25%One former Bank of England policymaker argues that the BoE should slash interest rates at this week’s meeting, not hike.David Blanchflower, a member of the Bank’s monetary policy committee during the global financial crisis of 2008, argues that UK official borrowing costs should be cut from 4% to 3% at this week’s meeting.“The Bank of...
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- 2023-03-23T12:57:34.000Z
Bank of England poised to hike interest rates from 4% TODAY
The base rate is expected to rise from 4 per cent when the decision is announced at noon, with 0.25 points considered most likely by analysts.
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- 2023-03-23T08:14:31.000Z

In related news

Bank of England raises UK interest rates by quarter point to 4.25%

UK interest rates raised to 4.25% by Bank of England, but inflation expected to cool – business live

Bank of England poised to hike interest rates from 4% TODAY