Bank of England hikes interest rates by 25bps

MPC referenced ‘large and volatile moves in global financial markets’

Elliot Gulliver-Needham
clock • 4 min read
Bank of England hikes interest rates by 25bps

The Bank of England (BoE) has hiked interest rates by 25 basis points, as the turmoil in the banking sector clashes with the central bank's desire to bring down inflation.

In a seven/two split, the central bank chose to increase interest rates to 4.25%, with two members voting to maintain rates at 4%. The bank's Monetary Policy Committee (MPC) referenced the "larg...

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