
Interest rates raised to 4.5% in 12th successive rise in a row
The rate has increased from 4.25% to 4.5% as the Bank of England made its 12th successive raise in a row.
The rate has increased from 4.25% to 4.5% as the Bank of England made its 12th successive raise in a row.
UK interest rates are expected to rise further this week as inflation remains stubbornly high, economists have said.
The highest food prices in nearly 45 years have been driving inflation, which triggered the central bank's decision to hike interest rates to 4.25%.