Bank of England Raises Rates for First Time in Three Years

The central bank increased interest rates for the first time in more than three years and warned that inflation would climb to about 5 percent next year, far above its target.

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Bank of England Raises Rates for First Time in Three Years

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NYT 2h ago

Bank of England Raises Rates for First Time in Three Years

Guardian 2h ago

Bank of England raises interest rates to 4%, the first increase for more than three years

Decision by MPC a week after the budget comes as Iran war continues to drive up energy costs Business live – latest updates The Bank of England has raised interest rates for the first time in three years and warned of another increase to come, to combat soaring inflation unleashed by the Iran war. Eight members of the Bank’s monetary policy committee (MPC) voted for the move, which takes the base rate from 3.75% to…

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