Bank of England reveals interest rates decision
The Bank of England reacted to mounting pressure to stabilise the economy today and implemented the first rise in interest rates for a decade.
The Monetary Policy Committee, the body responsible for setting the rate, agreed to a 0.25% increase - taking the overall rate to 0.5%.
The decision, which had been forecast by many analysts, had been one of the most anticipated for many years. It is the first increase since July 2007.
The MPC, although split in recent months about whether or not to announce an increase, had hinted tha... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
