UK: Bank of England hikes interest rate to 1 pct, 13-year high
LONDON, May 5 (Xinhua) -- The Bank of England (BoE), the central bank of the United Kingdom (UK), on Thursday once again raised its benchmark interest rate to 1 percent, the highest level since 2009, to curb surging inflation.
The bank's Monetary Policy Committee (MPC) met on Wednesday and voted by a majority of 6-3 to increase the Bank Rate by 0.25 percentage points, the BoE said in a statement.
"Those members in the minority preferred to increase Bank Rate by 0.5 percentage points, to 1.25 percent," according to the statement.