UK interest rate hiked for first time since 2023 | Sky News coverage, reaction and analysis
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UK interest rate hiked for first time since 2023 | Sky News coverage, reaction and analysis
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The Bank of England has raised the base interest rate from 3.75% to 4%.
This is the first time the Bank has increased the rate since August 2023.
All nine members of its monetary policy committee voted for a hike, but one wanted to go further, voting to raise the rate to 4.25%.
#economy #bankofengland #money #skynews
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This is the first time the Bank has increased the rate since August 2023.
All nine members of its monetary policy committee voted for a hike, but one wanted to go further, voting to raise the rate to 4.25%.
#economy #bankofengland #money #skynews
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on X: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews
For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Why not listen to one of our podcasts? This is Why, available for free here: https://podfollow.com/thisiswhy or Ed Conway's Stuff Matters, available here: https://podfollow.com/stuff-matters
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
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