Economy
BoE raises interest rates to 5.25%
At its meeting ending on 2 August 2023, the MPC voted by a majority of 6โ3 to raise the rate by 0.25%
![](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 14th consecutive time to 5.25% in a bid to combat inflation.
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