LONDON, June 22 (AFP): The Bank of England (BoE) 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 in the inflation process," the Bank of England (BoE) said minutes from the regular policy meeting.
BoE hikes rate half-point
FE Team | Published: June 22, 2023 23:55:05
BoE hikes rate half-point
Share if you like