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5%, why have rates gone up again? it might because inflation has not gone down the way the bank of england wanted. we had the surprisejump in february to 10.4% which shows prices are not cooling the way the bank wants. the bank has a target of 2% and the only function it has to use to bring the and the only function it has to use to brin: ., ., ., and the only function it has to use to brina ., ., ., , ., to bring the inflation down is to increase interest to bring the inflation down is to increase interest rates - to bring the inflation down is to increase interest rates to - to bring the inflation down is to increase interest rates to make j increase interest rates to make borrowing more expensive and take some cash out of the uk economy so if we spend less prices tend to come down. the big thing they are trying to prevent is for inflation to become sticky, a huge part of our economy is based on the service sector based on wages going up an average of 5.6 point five to 6% and in th

Bank of england4 210 4Silicon valley bankBank wantsInterest ratesService sector5 6