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Daily Mirror
Daily Mirror
Business
Ruby Flanagan

Three ways the Bank of England could try and cut inflation without rising interest rates

The Bank of England Inflation Interest Rates Alice Haine Sarah Coles Economy Laura Suter Quantitative Easing

The Bank of England announced the thirteenth consecutive interest rate rise today in a bid to curb inflation - but is there anything else that they could do to help instead?

Official data on Wednesday showed that inflation, the annual rate at which prices go up, was stuck at 8.7% in May.

This means the Bank of England will most likely increase its base interest rate from 4.5% today.

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