Bank of England raises UK interest rates to 4% - short news
More pressure on mortgage payers and businesses after hike of 0.5 points lifts rates to 14-year high
The Bank of England has raised interest rates by 0.5 percentage points to 4%, piling more pressure on mortgage payers and businesses struggling to pay off their loans.
In a move expected by City economists, the Bank’s monetary policy committee voted for the 10th consecutive time to raise the cost of borrowing to a fresh 14-year high. UK rates are now at the highest level since..
source: The Guardian - 02.02.2023