Economy

Bank of England raises its key interest rate to 3.5% from 3%

Bank of England raises its key interest rate to 3.5% from 3%Bank of England increased its key interest rate to 3.5% from 3% which is the 9th rate rise in a row as the Bank tries to speed inflation’s return to target after price growth hit a 41-year high in October 2022. The Bank of England’s Monetary Policy Committee voted 6-3 in favor of the move.

  • The decision follows the U.S. Federal Reserve’s decision on Wednesday to raise its main rate by half a point.

★★★★  You Can Also Read  ★★★★

Computer Awareness Quiz Questions Set (Banking)
Read Daily Current Affairs Topic Wise
Daily Current Affairs Quiz (Current GK Test)
Static Gk Quiz Questions and Answers

📣 Prepare Exams is now on Facebook, Twitter, Instagram, YouTube Channel, and Google News to get all the latest News first Like, Follow and bookmark our website @ PrepareExams.com.

For all the latest Updates, download PrepareExams App

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *