Bank of England hikes interest rates to 1.25%

The Bank of England has raised its interest base rate to the highest level since the start of 2009 as it hiked its inflation predictions for the autumn. Nomura's chief UK economist George Buckley explains the thinking behind the Bank's decision to increase rates to 1.25% and reflects on the overall impact of the decision.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting