BREAKING: The Bank of England has increased the base interest rate from 5% to 5.25% in the 14th consecutive hike 📺 Sky 501, Virgin 602, Freeview 233 and YouTube
Rates have been consistently raised since December 2021 in an effort to make borrowing more expensive and dampen economic activity by taking money out of the economy. It's all part of the effort to bring inflation down to 2%.
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