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Bank of England raises interest rate by 0.25% after surprise leap in February inflation

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The Bank of England has revealed it no longer believes the UK will face a technical recession this year, as it raised the interest rate by a further quarter percentage point to 4.25%.

The monetary policy committee's decision follows hard on the heels of data showing that far from falling in February, UK inflation rose back into double figures.

Full story: https://news.sky.com/story/bank-of-england-raises-interest-rate-by-quarter-point-after-surprise-leap-in-inflation-12840547

#bankofengland #interestratehike #costoflivinginuk #inflation #skynews #foodinflation

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Category
World
Tags
bank of england, bank of england interest rates, interest rates
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