Bank of England Raises Interest Rates to 4% as Iran Conflict Threatens to Push Inflation Towards 5%

The Bank of England has raised interest rates for the first time in more than three years, warning that another increase could follow if the US-Iran conflict continues to drive up energy prices and feed inflation across the British economy. The Monetary Policy Committee voted 8-1 on Thursday to increase the benchmark rate from 3.75% […]

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