Britain's central bank has raised its key interest rate by a quarter of a percentage point to 1.25 percent to put the brakes on soaring inflation.
The Bank of England has conducted rate hikes for a fifth straight time.
Energy prices have jumped amid Russia's invasion of Ukraine. Inflation hit 9 percent in April, the highest level seen in about 40 years.
The Bank of England has conducted rate hikes for a fifth straight time.
Energy prices have jumped amid Russia's invasion of Ukraine. Inflation hit 9 percent in April, the highest level seen in about 40 years.
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Summary
Bank of England raises key interest rate by 0.25% to 1.25%, fifth consecutive increase, amid surging inflation (9%) caused by energy price hikes due to Russia's invasion of Ukraine.
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ID: 62abb2a4-b158-40ea-94e8-60cfc0a80b98
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20220616_41/
Date: June 16, 2022
Created: 2022/06/17 07:45
Updated: 2025/12/09 15:28
Last Read: 2022/06/17 07:45