Interest rate rise: reactions


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The Bank of England has voted to raise UK interest rates, for the first time in over a decade.

Interest rates are going up to 0.5%, from 0.25%.

That means the Bank has reversed the rate cut of August 2016, when it eased monetary policy to help Britain’s economy through the aftermath of the Brexit vote.

“Autumn Budget now takes on greater significance as it must find ways of alleviating stress and providing support for property buyers.”

Read more here


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