London | The Bank of England delivered a second consecutive half-point interest-rate increase in its battle to bring down inflation, as three officials pushed for the institution to join its global peers in moving at an even quicker pace.
The move to 2.25 per cent was backed by five of the nine-member Monetary Policy Committee, including governor Andrew Bailey, while one voted for a smaller move. It was the seventh increase in a row, with officials voting to tighten policy at every meeting since December.
