Bank of England raises interest rates to 1.25%
![Bank_of_England_March_increase](https://mlmtndqxidci.i.optimole.com/w:360/h:220/q:eco/f:best/ig:avif/https://www.mt-finance.com/wp-content/uploads/2022/03/Bank_of_England_March_increase_170222.jpg)
The Bank of England has raised interest rates for the fifth time in as many meetings as it tries to get a handle on soaring inflation. The Monetary Policy Committee voted in favour of increasing the Bank Rate but while six members wanted a rise of 25 basis points to 1.25 per cent, three members …