Bank of England raises interest rates to 2.25%

The 0.5 percentage point increase was smaller than predicted by commentators

Eve Maddock-Jones
clock • 2 min read
Bank of England raises interest rates to 2.25%

The Bank of England (BoE) has raised interest rates to 2.25%, a smaller hike than economists expected.

The BoE was expected to produce a significant rate hike as UK inflation continues to rise, now closing in on 10%. This is the seventh consecutive increase and makes it the highest level of inter...

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