Bank of England hikes interest rates to highest level since 2009

Hike by 0.25%

Elliot Gulliver-Needham
clock • 2 min read
The Bank of England
Image:

The Bank of England

The Bank of England has today hiked interest rates by 0.25% in its fourth consecutive rise, bringing them to their highest level since 2009.

The bank's Monetary Policy Committee voted by six to three to raise interest rates to 1%, with the minority voting for a greater increase to 1.25%, as it reported that inflationary pressures have "intensified...

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