The Bank of England today raised interest rates for the second time in three months in an effort to try and ease consumer demand and a booming house market.
It voted to raise its rates by 0.25 per cent to 4 per cent in a decision that was widely expected.
The bank's monetary policy committee last raised rates in November, taking the rate to 3.75 per cent from the 48-year low of 3.50 per cent where it had stood for three months.
The minutes of today's meeting will be published on Wednesday, February 18th.
