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Bank of England Raises Bank Rate by 0.25 Percentage Points to 5.75%
The Bank of England's Monetary Policy Committee today voted to raise the official Bank Rate paid on commercial bank reserves by 0.25 percentage points to 5.75%.
Published on
05 July 2007
In the United Kingdom, output growth has remained firm and appears to be evolving in line with the Committee's most recent projections. Credit and broad money continue to grow rapidly. The pace of expansion of the world economy remains robust.
Press release