( ) -q-20- UNDATED (Correspondent Jeremy House) “as aggressively again.” The Bank of England has raised its main interest rate to a fresh 15-year high as it tries to bring down persistently high inflation. [CutID: <Cuts> BOE-INTEREST-RATE-house-q-THUam.mp3 Time: 20s Title: BOE-INTEREST-RATE-house-q-THUam Out-cue: as aggressively again] TAG: Correspondent Jeremy House reporting. With inflation four times the […]
Audio
Bank of England raises its key interest rate to a new 15-year high to fight inflation
( ) -q-20- UNDATED (Correspondent Jeremy House) “as aggressively again.”
The Bank of England has raised its main interest rate to a fresh 15-year high as it tries to bring down persistently high inflation.
[CutID: <Cuts> BOE-INTEREST-RATE-house-q-THUam.mp3
Time: 20s
Title: BOE-INTEREST-RATE-house-q-THUam
Out-cue: as aggressively again]
TAG: Correspondent Jeremy House reporting. With inflation four times the bank’s 2% target, the bank is expected to raise interest rates again over the coming months.
——————————-
VERBATIM: The quarter-percentage point increase to 5.25% was the central bank’s 14th hike in a row. There had been fears that the bank would repeat its outsized half-point increase from June. But figures last month showing that inflation fell more than anticipated to 7.9%, easing the pressure to act as aggressively again.