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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Bank of England rates rise decision, ASOS warns on profits

Bank of England US Federal Reserve Inflation Interest Rates

The Bank of England today increased interest rates by 0.25% as policymakers continue efforts to tame inflation.

Some members of the Bank’s monetary policy committee were expected to press for a larger half percentage point rise. Rates are currently at 1% after four consecutive increases.

Pressure for the Bank to take a more aggressive stance intensified last night when the Federal Reserve opted to lift US rates by 0.75%, the biggest rise since 1994.

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