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Bank of England on 'narrow path' as interest rates rise

Video Credit: ODN - Duration: 01:35s - Published
Bank of England on 'narrow path' as interest rates rise

Bank of England on 'narrow path' as interest rates rise

The Bank of England has raised interest rates to one per cent - their highest level since 2009 - as the UK's cost of living crisis is intensified by the war in Ukraine.

Announcing the move, Bank of England Governor Andrew Bailey said: "There were a range of views among members of the committee about the extent of tightening required ā€¦ this reflects the narrow path we are navigating." Report by Buseld.

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Andrew Bailey (banker) Andrew Bailey (banker) British central banker

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