0.25% increase sees rates hit highest level since 2009

Calls for better-funded schemes to consider de-risking

Hope William-Smith
clock • 3 min read
0.25% increase sees rates hit highest level since 2009

The Bank of England has today hiked interest rates by 0.25% in its fourth consecutive rise, taking them to their highest level in more than 12 years.

The bank's monetary policy committee (MPC) voted by six to three to raise interest rates to 1%, with the minority voting for a greater increase to 1.25%. The rise today (5 May) comes after infla...

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