Channel 4 News
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UK interest rates hiked to 4.25% after surprise inflation rise
Posted
March 23, 2023
Views
54,912
Likes
397
Comments
237
Engagement
1.15%
March 23, 2023
54,912
397
237
1.15%
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7:20Now PlayingInterest rates have gone up to 4.25% - their highest level in 15 years.
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But although the Bank of England warned that inflation was stubbornly high - they said the economy was getting stronger.
The bank's governor, Andrew Bailey, dismissed suggestions that there could be a possible repeat of the 2008 financial crisis, insisting that UK banks are robust.
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