Finance

Bank of England raises rate to 4.25% amid ‘large and volatile’ market moves

By 2023-03-23T13:09:00

Bank of England

Source: Shutterstock/r.nagy

The Bank of England has raised interest rates by 0.25 percentage points to 4.25% as it warned of “large and volatile moves in global financial markets” since the failure of Silicon Valley Bank and UBS’s purchase of Credit Suisse.

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