BoE raises interest rates by 0.5% to 2.25%

"The rise has been a long time coming, and with inflation now at decade high levels, there really is little alternative," comments Strutt & Parker, while Knight Frank Finance says "it’s clear that the B…

The Bank of England expects interest rates to climb to around 2.5% by mid-2023.

"No surprise" from the prime resi sector as the Monetary Policy Committee votes 7-2 to increase the base rate from 0.25% to 0.5%