Instant view: Bank of England delivers first rate hike in three years, gilt yields rise
The Bank of England has raised the cost of borrowing, as forecast, by 0.25 percentage points to 4%, the first rise in three years. The decision by the nine-member monetary policy committee was unanimous and financial markets are still pricing in three further rate hikes by the end of next year.
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- Bank of England Unanimously Hikes Rates, Sees 4.9% Inflation.
- Interest rate increased in battle to control inflation.
Who's reporting it
- ReutersR
ReutersCenterInstant view: Bank of England delivers first rate hike in three years, gilt yields rise
- SFScottish Financial NewsCenter
Interest rate increased in battle to control inflation
- BloombergB
BloombergCenterBank of England Unanimously Hikes Rates, Sees 4.9% Inflation
- E&Energy & Climate Intelligence Unit | ECIUCenter
Oil prices and UK mortgage costs
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