Bank of England Hikes Interest Rates Three Times Amid Inflation Concerns

People walk past the Bank of England during morning rush hour, in London, on July 29, 2021. Henry Nicholls/Reuters

The Bank of England (BoE) approved a third consecutive interest rate hike March 16 amid rising concerns about inflation.

It’s the first time since 1997 that the central bank has raised rates three times in a row.