![People walk past the Bank of England in London. Reuters](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/6XH4HUHYUAAAA5TJ5Y5ZMNEDKE.jpg?smart=true&auth=06698c740c07ae8ef9cf7bdcb99cb625b8fd38612c75f09c44f99abb71edb0a6&width=400&height=225)
People walk past the Bank of England in London. Reuters
People walk past the Bank of England in London. Reuters
Interest rates raised to 3 per cent by Bank of England to tame inflation
The rise represents the eighth consecutive jump in interest rates by the central bank