December 19, 2022
Bank of England raises interest rates by 0.5% to 3.5%
At a meeting held on 14 December 2022, the Bank’s MPC voted by a majority of 6-3 to increase rates by 0.5 percentage points
The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing the base rate of interest to 3.5%, the highest level in 14 years.
You’ll need to
subscribe to unlock this content. Already subscribed? Login?