Bank of England increases interest rates to 0.75%
The Bank of England has increased interest rates from 0.5% to 0.75%.
This increase in interest rates is an attempt to control the soaring cost of living.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates, voted 8 to 1 to increase rates. (The MPC are scheduled to meet 8 times per year.)
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All information is correct as at 17/03/22.