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Bank of England Raises Interest Rates by 0.25 Percentage Points to 4.5%
The Bank of England's Monetary Policy Committee today voted to raise the Bank's repo rate by 0.25 percentage points.
Published on
10 June 2004
The global economic recovery is continuing. In the United Kingdom, official data and business surveys suggest that output growth remains around, or above, trend. Household spending, public consumption and investment have all grown strongly and the housing market remains buoyant. The labour market has tightened further.
Press release