UK Interest Rate Raised to a 14-year High

UK Interest Rate Raised to a 14-year High

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The Bank of England raised the UK's interest rate (also known as Bank Rate) today for the eleventh consecutive time, to 4.25 percent. The move, an increase of 0.25 points from the rate last risen on Feb. 2, 2023, was widely expected after the UK's Office for National Statistics shock announcement…

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