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UK interest rate hiked for first time since 2023 | Sky News coverage, reaction and analysis

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The Bank of England has raised the base interest rate from 3.75% to 4%. This is the first time the Bank has increased the rate since August 2023. All nine members of its monetary policy committee voted for a hike, but one wanted to go further, voting to raise the rate to 4.25%. #economy #bankofengland #money #skynews SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on X: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok…

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UK interest rate hiked for first time since 2023 | Sky News coverage, reaction and analysis

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