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 … this reflects the narrow path we are navigating.".

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