Tag Archives: BoE delivers 13th rate hike

LONDON: The Bank of England on Thursday lifted its key interest rate by a half-point to five per cent to tackle stubbornly high UK inflation despite such a move worsening a cost-of-living crisis. The higher-than-expected hike to a 15-year high was the 13th increase in a row. “There had been significant upside news in recent data that indicated more persistence …

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