Economy
BoE raises interest rate to 15-year high
The BoEโs Monetary Policy Committee (MPC) voted by a majority of 7-2 to increase the rate by 0.5%
![](https://www.petgazette.biz/wp-content/uploads/2020/02/EH1079134_Bank_of_England_06-e1582122056194-780x470.jpg)
The Bank of England (BoE) has raised interest rates for the 13th consecutive time to 5%, the highest level in 15 years, after it was revealed that inflation remained at 8.7% in May.
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