Bank of England raises interest rate to 1.75% in largest single hike since 1995
The Bank of England increased its benchmark interest rate to 1.75% on 4 August 2022, marking the largest single rise since 1995 amid rising inflation and recession risks.
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BusinessBank of England raises interest rate to 1.75% in largest single hike since 1995
Sign in or subscribeBrowse free archive reportsThe Bank of England increased its benchmark interest rate to 1.75% on 4 August 2022, marking the largest single rise since 1995 amid rising inflation and recession risks.