(Bloomberg) -- The Bank of England raised its
benchmark interest rate for the fifth time in a year as
accelerating economic growth and surging house prices kept
inflation above target.
The nine-member Monetary Policy Committee, led by Governor
Mervyn King, increased the bank rate by a quarter-point to 5.75
percent, the highest since April 2001, the central bank said
today in London. The decision was expected by 53 of 60 economists
surveyed by Bloomberg News. The remainder forecast no change.
Read more at Bloomberg Bonds News
benchmark interest rate for the fifth time in a year as
accelerating economic growth and surging house prices kept
inflation above target.
The nine-member Monetary Policy Committee, led by Governor
Mervyn King, increased the bank rate by a quarter-point to 5.75
percent, the highest since April 2001, the central bank said
today in London. The decision was expected by 53 of 60 economists
surveyed by Bloomberg News. The remainder forecast no change.
Read more at Bloomberg Bonds News
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