Bank of England raises interest rates by 0.25%

The Bank of England raised interest rates by 0.25 percentage points to 3.75% on 6 November saying the global economic recovery appears to be gathering momentum but with inflationary pressures likely to build a "modest" increase was required.

Source: Bank of England

The Bank of England's Monetary Policy Committee today voted to raise the Bank's repo rate by 0.25 percentage points.

The global economic recovery appears to be gathering momentum, though the pattern is uneven. After slowing at the sta

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