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Thursday, 15 December 2022 16:18

Interest rates raised to 3.5%

The Bank of England has raised UK interest rates to their highest level for 14 years today. It has increased them to 3.5% from 3%, which is the ninth time in a row rates have increased.

 

The Bank of England's Monetary Policy Committee voted 6-3 in favour of putting rates up by 0.5%. 

 

The next announcement by the Bank of England regarding interest rates will be on 2 February 2023. 

Last modified on Thursday, 15 December 2022 16:22

        

 
 

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