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Evening Standard
Evening Standard
Business
Simon English

Bank of England raises UK interest rate from 0.25% to 0.5%

Bank of England United Kingdom Bank

The Bank of England today put interest rates up to 0.5% and seems set to rise them again at least three times more this year.

The Monetary Policy Committee voted 5 to 4 to double the UK’s interest rate in the first back-to-back rate rise since 2004.

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