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Bank Of England Hikes Interest Rate By 25 Basis Points Despite Banking UpheavalThe Bank of England today hiked its interest rate for the eleventh time in a row, as policymakers seek to tackle soaring inflation despite turmoil in the banking sector.
The British central bank's Monetary Policy Commitee voted at a regular meeting to lift its key interest rate by 25 basis points to 4.25 percent, the highest level since late 2008.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
The British central bank's Monetary Policy Commitee voted at a regular meeting to lift its key interest rate by 25 basis points to 4.25 percent, the highest level since late 2008.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)