GMAT Sentence Correction (SC) | Re: In hoping to restrain economic growth, interest rates were

Another question...

Consider the following modifaction of answer choice B:

Making it more expensive for businesses and consumers to borrow, interest rates were raised by British policymakers, hoping to restrain economic growth.

In my opinion this sentence is correct, isnt it?

Now consider you had both, the modification of B and E in the answer choices. In this case, does the GMAT prefer active voice, thus you would pick answer choice E?

Thanks