Bank of England says UK economy is coping with high interest rates
12 Jul 2023
Britain’s economy is so far proving resilient to a surge in interest rates over the past year and a half, but it will take time for the full impact to feed through, the Bank of England (BoE) said on Wednesday. The Bank of England last month raised rates to 5 per cent that had stood at 0.1 per cent at the end of 2021, raising concerns about