Bank of England raises benchmark interest rate to 4 pct-Xinhua - 新华网

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LONDON, Nov. 5 (Xinhua) -- The Bank of England (BoE) announced on Thursday that it has decided to increase its benchmark interest rate by 0.25 percentage points to 4 percent, according to a statement on its official website.

LONDON, Nov. 5 (Xinhua) -- The Bank of England (BoE) announced on Thursday that it has decided to increase its benchmark interest rate by 0.25 percentage points to 4 percent, according to a statement on its official website.

The Monetary Policy Committee has voted by a majority of 8-1 to raise bank rate to 4 percent. One member voted to increase the rate by 0.5 percentage points to 4.25 percent. ■

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