 "Bank of England, BoE")
The Bank of England raised interest rates to 0.5% on Thursday and nearly half of its policymakers wanted a bigger increase to contain rampant price pressures, as the British central bank warned inflation will soon top 7%.
In a surprise split decision, four of the nine members of the Monetary Policy Committee wanted to raise interest rates by half a percentage point to 0.75% in what would have been the biggest increase in borrowing costs since the BoE became operationally independent 25 years ago.
The majority, including Governor Andrew Bailey, voted for a 0.25 percentage point increase.
The pound jumped
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