Bank of England increases interest rate to 5.25% in 14th consecutive hike

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The Bank of England has increased the interest rate from 5% to 5.25% in a 14th consecutive hike.

The quarter percentage point increase was somewhat smaller than some economists had expected, following the release of lower-than-anticipated inflation data last month.

The last time rates were at 5.25% was April 2008.

Read more: https://news.sky.com/story/bank-of-england-increases-interest-rate-for-14th-time-in-a-row-to-5-25-12932441

#bankofengland #interestrates #skynews

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