( ) -q-23- UNDATED (Correspondent Jeremy House) “quarter-point hike.” The Bank of England has raised borrowing costs for the 13th time in a row. [CutID: <Cuts> BOE-RATE-HIKE-house-q-THUam.mp3 Time: 23s Title: BOE-RATE-HIKE-house-q-THUam Out-cue: quarter point hike] TAG: Correspondent Jeremy House reporting. —————————– VERBATIM: The bank says its nine-member Monetary Policy Committee decided to lift its main […]
Audio
Bank of England rate hike is bigger than expected. That means pain for borrowers
( ) -q-23- UNDATED (Correspondent Jeremy House) “quarter-point hike.”
The Bank of England has raised borrowing costs for the 13th time in a row.
[CutID: <Cuts> BOE-RATE-HIKE-house-q-THUam.mp3
Time: 23s
Title: BOE-RATE-HIKE-house-q-THUam
Out-cue: quarter point hike]
TAG: Correspondent Jeremy House reporting.
—————————–
VERBATIM: The bank says its nine-member Monetary Policy Committee decided to lift its main interest rate by half a percentage point to a fresh 15-year high of 5%. It’s the latest effort to combat stubbornly high inflation, which has failed to come down from its peak as quickly as expected. The decision was somewhat of a surprise, with most economists predicting a smaller quarter-point hike.