UK markets open in 7 hours 35 minutes
  • NIKKEI 225

    28,478.92
    +145.40 (+0.51%)
     
  • HANG SENG

    24,218.03
    -165.29 (-0.68%)
     
  • CRUDE OIL

    84.12
    +0.30 (+0.36%)
     
  • GOLD FUTURES

    1,819.10
    +2.60 (+0.14%)
     
  • DOW

    35,911.81
    -201.79 (-0.56%)
     
  • BTC-GBP

    31,030.95
    -650.67 (-2.05%)
     
  • CMC Crypto 200

    1,001.89
    -23.84 (-2.32%)
     
  • ^IXIC

    14,893.75
    +86.95 (+0.59%)
     
  • ^FTAS

    4,292.58
    +35.99 (+0.85%)
     

Bank of England raises interest rate to 0.25%

FILE PHOTO: FILE PHOTO: A bird flies past The Bank of England in the City of London

LONDON (Reuters) - The Bank of England raised its main interest rate to 0.25% on Thursday as inflation pressures mounted in Britain.

Most economists polled by Reuters had expected the BoE to keep Bank Rate at 0.1% due to a new surge in coronavirus cases.

(Reporting by David Milliken and Andy Bruce; Writing by William Schomberg)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting