Editor
The Bank of England raised interest rates by 0.25 percentage points on Thursday, signalling that it would “act forcefully” if needed to prevent high inflation becoming more persistent.
The increase — the fifth time the bank’s Monetary Policy Committee has voted to tighten policy at successive meetings — takes the BoE’s benchmark rate to 1.25 per cent. But in a split vote, the committee held back from making a bigger 0.5…
