Bank of England Raises Interest Rate to 1%

bank of england interest rate

A tweet out from official Bank of England Twitter account stated:

Higher energy and goods prices have pushed inflation to 7%, and we expect inflation to rise further to around 10% this year. We’ve put up interest rates to help inflation return to our 2% target. We may need to increase interest rates further in the coming months. But that all depends on what happens in the economy.” source Twitter

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

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