Key interest rate hits 5.75 percent
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The Bank of England raised its key interest rate by a quarter-point to 5.75 percent on Thursday, the highest level for more than six years, in a bid to dampen inflation.
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The Bank of England today held the base interest rate at 4.75% for the fourth consecutive month, with the decision coming amid evidence of a slowdown in house price growth and weak economic data.
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The US Federal Reserve raises interest rates to 2.25%, the fifth increase this year.
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The Bank of England held its key interest rate steady at 5 percent on Thursday, a decision that was widely expected.
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The Federal Reserve, encouraged by the economy's performance, boosted a key short-term interest rate by one-quarter percentage point Tuesday, the fifth increase this year.
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The Bank of England held its key interest rate at 5.50 percent, the highest level for six years, the central bank announced on Thursday.
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Bank of England policymakers voted 6-3 in favour of raising British interest rates by a quarter-poiont to 5.75 percent in July, minutes of their latest meeting showed on Wednesday.
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The Federal Reserve is expected to  lift interest rates again this week to 5.25 percent in its  seventeenth straight quarter percentage point hike and signal  that further increases may be needed to keep inflation at bay.
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The Bank of England has held its key interest rate at 4.75 percent, opting against a further rise after last month's surprise quarter-point increase.
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The Bank of England (BoE) froze interest rates at 4.75 percent for the fifth successive month following recent signs that the British economy is losing momentum.
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UK interest rates have been kept on hold at 4.75% following the latest meeting of the Bank of England&#39;s rate-setting committee.
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The Bank of England raises UK interest rates to 5.75% as it tries to bring inflation under control.
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The pound remained sharply higher after the Bank of England's decision to hike interest rates by 25 basis points to 4.75 percent surprised the market, which had been expecting rates to be left on hold.
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The Bank of England raised its key interest rate Thursday by a quarter of a percentage point to 5.75 percent, the fifth increase this year, in an attempt to curb inflation.
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The Bank of England is widely tipped to keep interest rates on hold at 5.25% on Thursday.
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The US Federal Reserve raises rates for the fifth time this year, taking them a quarter percentage point higher to 2.25%.
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The Bank of England will likely trim interest rates by a quarter-point to 5.25 percent on Thursday, as it seeks to support growth but contain inflationary pressures, analysts said.