UK inflation rate drops to 6.8% in July 2023
The consumer prices index (CPI) measure of inflation fell from 7.9% to 6.8% in July 2023, according to the Office for National Statistics (ONS).
Although inflation has dropped slightly, it is still substantially higher than the Bank of …
Bank of England increases interest rates to 5.25%
The Bank of England has increased interest rates from 5% to 5.25%. This is the fourteenth consecutive interest rate rise.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates voted as follows:
- 6 members voted to move
Bank of England increases interest rates to 5%
The Bank of England has increased interest rates from 4.5% to 5%. This is the thirteenth 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
Bank of England increases interest rates to 4.5%
The Bank of England has increased interest rates from 4.25% to 4.5%. This is the twelfth consecutive interest rate rise and brings interest rates to their highest level since 2008.
The Bank of England’s Monetary Policy Committee (MPC), who set …
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