Bank of England Raises Benchmark Interest Rate to 0.25% View Gallery 2 Photos MOCTEN 1 2 Bank of England Raises Benchmark Interest Rate to 0.25% MOCTEN Bank of England Raises Benchmark Interest Rate to 0.25% The Bank of England says some "modest tightening" in monetary policy is likely after unexpectedly raising the benchmark interest rate to 0.25% in an 8-1 vote.