LONDON (Reuters) – The Bank of England raised interest rates to 0.5% on Thursday, with about half of its monetary policy committee wanting a bigger hike to contain price pressures, as the bank warned that inflation would soon exceed 7%.
A majority of the MPC members voted to raise rates by 0.25 percentage points.
The move comes on the heels of the December rate hike, the first two consecutive rate hikes since 2004, and reflects the urgent desire of policy makers to show they have control of the rising cost of living crisis.
Concertone Primo Maggio today in Rome, here is the lineup
May Day concert today at the Circus Maximus in Rome. "Let's build together a Europe of peace, work and social...