Bank of England raises interest rates to 2.25%

The Bank of England has raised interest rates again as it seeks to tackle soaring inflation. It lifted its base rate by half a percentage point to 2.25 per cent, a 14-year high. This marks its seventh rate increase in a row. It is one of the major central banks to hike rates after the US Federal Reserve raised rates by 75 basis points.

Subscribe to our channel here: https://cna.asia/youtubesub

Subscribe to our news service on Telegram: https://cna.asia/telegram

Follow us:
CNA: https://cna.asia
CNA Lifestyle: http://www.cnalifestyle.com
Facebook: https://www.facebook.com/channelnewsasia
Instagram: https://www.instagram.com/channelnewsasia
Twitter: https://www.twitter.com/channelnewsasia

You May Also Like