Bank of England Interest Rate Hiked to 5.25%, Meeting Analyst Expectations

The Bank of England raised its bank rate by 25 basis points after a 6-3 vote that included two dissents favoring a 50-bp tightening and one committee member who preferred leaving the key rate steady. At 5.25%, the new rate level after 14 increases since December 2021 has climbed a total of 515 basis points. […]