Should the Bank of England raise interest rates? The Bank of England sets interest rates to hit the government’s 2% inflation target. Inflation is currently 2.3% and – despite holding steady in March – is certain to go higher over the coming months. Therefore interest rates should now be going up. Last month’s inflation figure was flattered by the timing of Easter, which led to a sharp fall in the annual cost of air fares.

Source: The Guardian April 11, 2017 06:33 UTC