Asset Management

Bank of England raises interest rates: What the City is saying

Heavily trailed rate rise to 0.5% causes few waves across the Square Mile

Bank of England raises interest rates: What the City is saying
Photo: Getty Images

The Bank of England has raised UK interest rates for the first time in more than a decade.

The City has reacted positively to governor Mark Carney's announcement of a well-trailed base rate rise to 0.5% from an historic low of 0.25%.

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