BUSINESS Bank of England hikes interest rates to 0.75%

BUSINESS

Bank of England hikes interest rates to 0.75%

AFP

19:37, August 02, 2018

The Bank of England on Thursday hiked its key interest rate by a quarter-point to 0.75 percent, as it seeks to tame above-target inflation and eyes potential Brexit fallout.

The British central bank's nine-member monetary policy committee voted unanimously to raise rates for only the second time since before the global financial crisis, but left unchanged its quantitative easing stimulus, just as most analysts had expected.

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