Interest rates see biggest hike in 27 years

Economist Jagjit Chadha says the rise in interest rates to 1.75% is part of a "return to normality".

The rate has been raised by 0.5 percentage points, as the Bank of England seeks to rein in accelerating inflation.

SUBSCRIBE to our YouTube channel for more videos:

Follow us on Twitter:
Like us on Facebook:
Follow us on Instagram:
Follow us on TikTok:

For more content go to and download our apps:

Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí
Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden:

To enquire about licensing Sky News content, you can find more information here:

TV channel: Sky News

Published: 2022-08-04

Related videos: