Bank Of England Raises Interest Rate Tenth Time In Row, Up To 4%

The Bank of England on Thursday hiked its interest rate for a tenth time in a row as global authorities race to combat sky-high inflation.

The central bank’s Monetary Policy Committee voted at a regular meeting to lift its key interest rate by a half-point to 4.0 percent, the highest level since late 2008.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)