BoE raises interest rate for 12th time to 4.5%

The BoE’s Monetary Policy Committee (MPC) voted by a majority of 7-2 to increase the rate by 0.25% in a bid to meet the 2% inflation target


The Bank of England (BoE) has raised interest rates for the 12th consecutive time to 4.5%, up from 4.25%. 

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