Facebook Pixel Rate rise a 'body blow to household finances' | The Herald - newspaper - इस कहानी को Magzter.com पर पढ़ें
मैगज़्टर गोल्ड के साथ असीमित हो जाओ

मैगज़्टर गोल्ड के साथ असीमित हो जाओ

10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ

$149.99
 
$74.99/वर्ष

कोशिश गोल्ड - मुक्त

Rate rise a 'body blow to household finances'

The Herald

|

March 24, 2023

THE Bank of England has pushed interest rates higher as it tries to put a lid on soaring prices after UK inflation unexpectedly jumped higher last month.

Rate rise a 'body blow to household finances'

Policymakers on the Bank's Monetary Policy Committee (MPC) yesterday voted seven to two to increase rates from 4% to 4.25%, but said they expect the economy to grow slightly in the second quarter of the year, marking a reversal of the 0.4% decline in gross domestic product (GDP) the Bank had anticipated last month.

Inflation is set to come back down this year despite a surprise increase in Consumer Prices Index (CPI) inflation last month, up to 10.4% from 10.1% in January, driven by surging food and drink prices.

"CPI increased unexpectedly in the latest release, but it remains likely to fall sharply over the rest of the year," the Bank said.

It is the 11th time in a row the Bank has hiked interest rates.

The Herald

यह कहानी The Herald के March 24, 2023 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

The Herald से और कहानियाँ

The Herald

The Who's Pete got me back on song

Alfie Boe tells TOM BRYANT how he beat writer's block for new album thanks to a tip from the legendary rocker

time to read

3 mins

February 27, 2026

The Herald

The Herald

'Progress restoring control to borders'

THE number of asylum seekers being housed temporarily in UK hotels has fallen to its lowest level for 18 months, according to new data.

time to read

1 mins

February 27, 2026

The Herald

The Herald

SCREEN MACHINE

PRACTICAL AND FAMILY FOCUSED, VOLVO'S EX90 IS A SOLID AND STANDOUT SUV SHOWING WHAT ELECTRIC CARS CAN DO. BUT EVEN MINOR FUNCTIONS CAN PROVE A BIT FIDDLY

time to read

3 mins

February 27, 2026

The Herald

NEW SEAL WILL TEST THE WATER

BYD’s upgraded Seal has gone on sale in the UK, despite only being launched in 2023.

time to read

1 min

February 27, 2026

The Herald

The Herald

Lambs part company with boss Henderson

THE home dugout at Langsford Park will have a very different and unfamiliar look from now after it was confirmed this week that Tavistock had parted company with their long-serving manager Stuart Henderson.

time to read

2 mins

February 27, 2026

The Herald

Assistant head teacher fired after ‘weird texts’ to ex-pupil

AN assistant head teacher at Launceston College has been found guilty of unacceptable professional conduct after engaging in an inappropriate conversation with a former pupil.

time to read

2 mins

February 27, 2026

The Herald

I wanted it to be a story of their love...

John Carter Cash tells MARION MCMULLEN his famous parents Johnny Cash and June Carter Cash would have approved of his musical tribute to their lives

time to read

4 mins

February 27, 2026

The Herald

The Herald

Soham killer is injured in jail attack

SOHAM killer Ian Huntley has suffered serious injuries after being attacked in prison.

time to read

1 mins

February 27, 2026

The Herald

The Herald

Volunteers plant 800 trees on Dartmoor

VOLUNTEERS have gathered at Wist-man’s Wood National Nature Reserve on Dartmoor to help plant a further 800 trees, as part of efforts to extend one of the South West's last remaining fragments of temperate rainforest.

time to read

2 mins

February 27, 2026

The Herald

Chinese solution to our planning problems?

PAUL Mercer’s letter (Herald, February 23) in response to Alison Stephenson’s article on fears of a lack of infrastructure to cope with new developments in Tavistock - and possible loss of the town’s World Heritage Status - clearly hits the nail on the head.

time to read

1 min

February 27, 2026

Translate

Share

-
+

Change font size