Bank of England hikes interest rate to highest since 2009 in surprise unanimous vote

The Bank of England lifted its benchmark interest rate to the highest since 2009 and policy makers put on a united front to say that further tightening will be needed to rein in inflation.

While the move was widely anticipated, few economists predicted the Monetary Policy Committee to close ranks behind the move with Brexit on the horizon. It unexpectedly voted 9-0 to lift the rate to 0.75 per cent, the second quarter-point move since November.

The action is a vindication of Governor Mark...

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