BREAKING: Bank of England raises interest rate by 0.25% after surprise leap in February inflation

The Bank of England has revealed it no longer believes the UK will face a technical recession this year, as it raised the interest rate by a further quarter percentage point to 4.25%. The monetary policy committee's decision follows hard on the heels of data showing that far from falling in February, UK inflation rose back into double figures. Full story: https://news.sky.com/story/bank-of-england-raises-interest-rate-by-quarter-point-after-surprise-leap-in-inflation-12840547 #bankofengland #interestratehike #costoflivinginuk #inflation #skynews #foodinflation SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: https://www.youtube.com/channel/UCHYg31l2xrF-Bj859nsOfnA To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales