Bank of England raises base-rate to 5% | Spyke

Syndicated from the fediverse. Read and engage on the original instance.

View original on feddit.uk

ukeconomy·UK Economy byGreatAlbatross

Bank of England raises base-rate to 5%

For the 0.5% raise, the measure was voted in 7-2 (2 against advocating for remaining at the current rate).

https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2023/june-2023Open link View original on feddit.uk

8

1 reply

And I guess my savings rate will go up to match quickly? Oh wait...

The BoE have no idea what they are doing

1