UK Borrowing Costs Hit Decades Long High The Bank of England has raised interest rates to a two decade high in its bid to tame inflation. The 5.
25% rate marks a significant increase from the historic lows of recent years and will have far reaching implications for consumers and businesses.
The History of UK Interest Rates: A Complex Evolution Since the Bank of England's independence in 1997, interest rates have fluctuated dramatically, influenced by economic factors such as the financial crisis of 2008.