The Caithness Business Index has posted the following article:

Bank Rate Increased To 1.75% - August 2022

[IMG][/IMG] The Bank of England's Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 3 August 2022, the MPC voted by a majority of 8-1 to increase Bank Rate by 0.5 percentage points, to 1.75%. [Read Full Article]