Bank of England meets expectations with 0.5 percentage point hike

Central bank hikes rates citing 'firmer than expected' inflationary pressures

Elliot Gulliver-Needham
clock • 1 min read
The Bank of England
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The Bank of England

The Bank of England met market expectations today (2 February) after hiking interest rates by 50 basis points to 4%.

With a 7-2 split, the bank's Monetary Policy Committee (MPC) took interest rates to a new 14-year high as it attempted to tackle persistent inflation. UK inflation has remained high despite slow...

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Elliot Gulliver-Needham
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Elliot Gulliver-Needham

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