The Bank of England has decided to raise its key interest rate to 0.25 percent from a record low of 0.1 percent.
The British central bank is combating surging consumer prices following the resumption of economic activities.
The last time the Bank of England raised the key interest rate was in August 2018.
The British central bank is combating surging consumer prices following the resumption of economic activities.
The last time the Bank of England raised the key interest rate was in August 2018.
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Summary
Bank of England increases key interest rate from 0.1% to 0.25%. This move is in response to escalating consumer prices post-economic activity resumption. Last increase was in August 2018. #Keywords: Bank of England, Interest Rate, Consumer Prices, Economic Activities, Increase, Keyword Density: