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Bank of England Raises Interest Rates by 0.25 Percentage Points to 4.25%
The Bank of England's Monetary Policy Committee today voted to raise the Bank's repo rate by 0.25 percentage points.
Published on
06 May 2004
The global economic upswing has been maintained. In the United Kingdom, output growth has been at or above trend and business surveys are consistent with further strengthening. Retail spending continues to be robust, underpinned by income growth and unexpectedly strong house price inflation. Investment prospects have improved.
Press release