Independent TV
Showing now | News
01:10
Bank of England expected to raise interest rates for 12th time in a row
UK interest rates are expected to rise further this week as inflation remains stubbornly high, economists have said.
Experts and the financial markets widely expect the base rate to rise from 4.25 per cent to 4.5 per cent on Thursday 11 May, representing a 0.25 percentage point increase.
It would be the 12th time in a row that policymakers at the Bank of England have raised rates, making it even more expensive to borrow and pushing banks to lift savings rates.
Click here to sign up for our newsletters.
Up next
01:51
Gérard Mestrallet on the challenges of bringing infrastructure to the region of AlUla
02:07
Sir George Iacobescu, chairman of the Canary Wharf Group on the investment into the historic region of AlUla
02:00
Oliver Ripley of sustainable hotel group Habitas talks about how AlUla challenged his preconceptions of Saudi Arabia
02:09