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BUSINESS LIVE: Bank of England raises interest rates to 1%

BUSINESS LIVE: Bank of England raises interest rates by 0.25%; Shell Posts Record Profits; Next Reveals Upbeat Update; BAE expects surge in demand

  • The Bank of England raised interest rates by 0.25 percentage points to 1%
  • Three of the nine-member MPC committees voted for a larger 0.5 percent increase
  • Bank said inflation will reach 10% this year due to energy price hikes
  • Shell posts record profits as oil and gas prices soar


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BUSINESS LIVE: Bank of England raises interest rates to 1%

Source link BUSINESS LIVE: Bank of England raises interest rates to 1%

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