Bank of England raises base-rate to 5%

https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2023/june-2023

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

8 points · 1 comments · view on lemmy.world

1 Comments

tomh@feddit.uk · 1 pts · 3y

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

The BoE have no idea what they are doing