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Interest rate raised to 1.25% by Bank of England - the fifth consecutive hike

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The Bank of England has raised interest rates for the fifth time, from 1% to 1.25% as it tries to tackle soaring inflation.

It comes as finances are being squeezed by the rising cost of living, driven by record fuel and energy prices.

Read more here: https://news.sky.com/story/fifth-consecutive-hike-as-interest-rate-raised-to-1-25-by-bank-of-england-12634875

#interestrates #costofliving #inflation

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