Bank of England set to hike interest rates to tackle higher inflation caused by Iran war
EuropeBusinessHigh confidence — 78/100
With inflation predicted to rise further over the coming months, economists reckon the nine policymakers on the Monetary Policy Committee have little option but to increase the bank's key rate to 4% from 3.75%.
Bank of England raises interest rates for first time in three years
Confirmed
Bank of England raises interest rates for first time in three years
Unverified
With inflation predicted to rise further over the coming months, economists reckon the nine policymakers on the Monetary Policy Committee have little option but to increase the bank's key rate to 4% from 3.75%.