Bank of England raises interest rates to 4.25%

The Bank of England raised interest rates by 0.25 percentage points from 4 to 4.25 per cent at its March meeting, the 11th consecutive increase. Seven members of the nine-strong Monetary Policy Committee (MPC) voted for a 25 basis-point rise, with two voting to maintain base rate at 4 per cent. Following the unwelcome and …