The Bank of England has announced a quarter-point interest rate rise, taking its base rate to a new 15-year high.
Subscribe to Guardian News on YouTube ► http://bit.ly/guardianwiressub
The Bank's governor, Andrew Bailey, said the increase, the 14th hike in a row, would support the government's efforts to bring inflation rates down. 'Low and stable inflation is the foundation of a healthy economy. High inflation hurts the least well-off the most,' he said.
The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https://bit.ly/3uhA7zg
Sign up to the Guardian's free new daily newsletter, First Edition ► http://theguardian.com/first-edition
Website ► https://www.theguardian.com
Facebook ►https://www.facebook.com/theguardian
Twitter ► https://twitter.com/guardian
Instagram ► https://instagram.com/guardian
The Guardian on YouTube:
The Guardian ► https://bit.ly/guardiannewssubs
Guardian Australia ► https://bit.ly/guardianaussubs
Guardian Football ► https://bit.ly/gdnfootballsubs
Guardian Sport ► https://bit.ly/gdnsportsubs
Guardian Live ► https://bit.ly/guardianlivesubs
#AndrewBailey #CostOfLiving #BankOfEngland #InterestRate #Inflation #UK #News
Subscribe to Guardian News on YouTube ► http://bit.ly/guardianwiressub
The Bank's governor, Andrew Bailey, said the increase, the 14th hike in a row, would support the government's efforts to bring inflation rates down. 'Low and stable inflation is the foundation of a healthy economy. High inflation hurts the least well-off the most,' he said.
The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https://bit.ly/3uhA7zg
Sign up to the Guardian's free new daily newsletter, First Edition ► http://theguardian.com/first-edition
Website ► https://www.theguardian.com
Facebook ►https://www.facebook.com/theguardian
Twitter ► https://twitter.com/guardian
Instagram ► https://instagram.com/guardian
The Guardian on YouTube:
The Guardian ► https://bit.ly/guardiannewssubs
Guardian Australia ► https://bit.ly/guardianaussubs
Guardian Football ► https://bit.ly/gdnfootballsubs
Guardian Sport ► https://bit.ly/gdnsportsubs
Guardian Live ► https://bit.ly/guardianlivesubs
#AndrewBailey #CostOfLiving #BankOfEngland #InterestRate #Inflation #UK #News
Comments