The Bank of England has raised UK interest rates to 5.25% from 5% in an effort to curb inflation.
Analysts had been anticipating a rate rise in the near future, although they expected policymakers to wait until next month to take action.
Consumer price inflation has recently risen to 2.7%, the highest level in more than a decade.
Hmmm I am not sure why everyone is so shocked at this News
, the Bank Of England have been holidng ff from increasing interest rates for some time but everyone knew they culdnt keep on doing this.
If people dont like interest rate rises, they should stop bldy spending on credit cards and getting fancy cars on credit and getting stupidly high mortgages beyond their means. Its the only way to curb inflation, without interest rate rise im afraid!
Were all gonna pay for our bad spending habits now! BBC News Report