BoE raises interest rate to 5.25% — industry reacts
The Bank of England’s Monetary Policy Committee (MPC) has voted by a majority of 6-3 to increase the bank base rate by 0.25 percentage points, to 5.25%.
Section: Opinion
Two members preferred to increase the rate to 5.5%.
The MPC said it will continue to monitor closely indications of persistent inflationary pressures and resilience in the economy as a whole — if there is evidence of such pressures, then further tightening in monetary policy would be required.
Source: BTL Insider — https://btlinsider.co.uk/boe-raises-interest-rate-to-525-industry-reacts