Sky News
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Interest rate held at 5.25% for second consecutive time by Bank of England
Posted
November 2, 2023
Views
7,821
Likes
29
Comments
13
Engagement
0.54%
November 2, 2023
7,821
29
13
0.54%
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5:08Now PlayingThe Bank of England has decided against a further interest rate hike for the second consecutive time, maintaining the figure at 5.25%.
Borrowing costs have been raised since December 2021 to take upward price pressure out of the economy, helping to ease many elements behind the continuing cost of living crisis.
#interestrates #bankofengland #economy
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