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Interest rate held at 5.25% for second consecutive time by Bank of England

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The Bank of England has decided against a further interest rate hike for the second consecutive time, maintaining the figure at 5.25%.

Borrowing costs have been raised since December 2021 to take upward price pressure out of the economy, helping to ease many elements behind the continuing cost of living crisis.

Read more: https://news.sky.com/story/interest-rate-held-at-5-25-for-second-consecutive-time-by-bank-of-england-12998659

#interestrates #bankofengland #economy

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Category
News and politics
Tags
bank, of, england

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