Thu, 11 May 2023 11:11:08 GMT
Bank of England hikes rates
The BoE has just increased its Official Bank Rate from 4.25% up to 4.50%. The central bank has decided to hike only 0.25%, despite annual inflation in the United Kingdom once again being above 10.00% mark.
The bank reports that seven members of the nine member committee voted for a rate hike. Meanwhile, two members wanted to keep the rate