( ) -q-23- UNDATED (Correspondent Jeremy House) “invasion of Ukraine.” The Bank of England has raised interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. [CutID: <Cuts> UK-INTEREST-RATES-house-q-THUam.mp3 Time: 23s Title: UK-INTEREST-RATES-house-q-THUam Out-cue: invasion of Ukraine] TAG: Correspondent Jeremy House reporting. —————————- VERBATIM: The […]
Audio
Bank of England raises UK interest rates to highest level since 2008
( ) -q-23- UNDATED (Correspondent Jeremy House) “invasion of Ukraine.”
The Bank of England has raised interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K.
[CutID: <Cuts> UK-INTEREST-RATES-house-q-THUam.mp3
Time: 23s
Title: UK-INTEREST-RATES-house-q-THUam
Out-cue: invasion of Ukraine]
TAG: Correspondent Jeremy House reporting.
—————————-
VERBATIM: The decision by the bank’s nine-member Monetary Policy Committee to lift its main interest rate by a quarter of a percentage point to 4.5% was widely anticipated in financial markets. The increase was its 12th in a row. Like other central banks around the world, the Bank of England has sought to keep a lid on inflation, which over the past year has been fueled by Russia’s invasion of Ukraine.