So there we have it, the first increase of the Bank of England "base rate" in a decade, from 0.25% to 0.5%, was announced today after a 7-2 vote in favour of the rise by its "Monetary Policy Committee," led by Charmer Carney, the bank's current Governor. The Governor stressed a "gradual pace" of future interest rate increases, suggesting two more hikes over the next three years, going on to state the need in order to return inflation to its target of 2% and prevent the economy from running "too hot.".......to continue kindly follow the LINK
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