Andrew Bailey explains interest rate decision
Clip with Governor of the Bank of England Andrew Bailey.
The Bank of England has raised interest rates for the tenth time in a row lumping further pressure on mortgage borrowers.
Decision makers on the Bank’s Monetary Policy Committee (MPC) opted to hike the base rate from 3.5% to 4%, to help bring down double-digit inflation.
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Bank of England increases interest rate to 4%
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