Bank of England base rate hiked again

Industry News | 27/06/23

As was widely published last week, the Bank of England’s Monetary Policy Committee (MPC) announced that the base rate of interest had been increased from 4.5% to 5%. In their decision meeting held on 21st June, seven of the nine voting members voted to increase the rate by 0.5%. Two members had voted to retain the rate at 4.5%.

Source: Bank of England