Bank of England surprises markets with 15bps rate hike

The banks say there are suitable economic conditions for its action

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

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

The bank said that 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 greater...

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