Introduction

The Bank of England (BoE) on Thursday hiked its key interest rate for a 14th time in a row, by a quarter-point to 5.25% as UK inflation stays high.

Monitoring Inflationary Pressures

Policymakers “will continue to monitor closely indications of persistent inflationary pressures”, the BoE said in a statement following a regular meeting.

Further Updates Awaited

DETAILS TO FOLLOW…