t: 0141 570 0302

Bank of England increases interest rates to 4.25%

The Bank of England has increased interest rates from 4% to 4.25%. This is the eleventh consecutive interest rate rise.

The Bank of England’s Monetary Policy Committee (MPC), who set interest rates voted as follows:

  • 7 members voted to move interest rates to 4.25%.
  • 2 members voted to keep interest rates at 4%.

As inflation rose to 10.4% in February, this interest rate rise was largely expected.

Farrell Financial Planning are independent financial advisers (IFAs) based in Glasgow and do not give advice on inflation or future interest rate movements.  However, we do offer independent advice on investments, pensions, mortgages and much more.

Please feel free to explore our website and discover more about the advice services we offer.

All information is correct as at 23/03/23.

Comments are closed.