The Bank of England announces a 25 basis point increase in interest rates in line with market expectations

[bank of England announces interest rate increase by 25 basis points in line with market expectations] May 11, the Bank of England raised interest rates by 25 basis points, raising interest rates to 4.5%, in line with market expectations, and interest rates reached the highest level since October 2008. Interest rates have been raised by 440 basis points since December 2021.