Money
Bank of England raises rates to 4% as Middle East conflict drives inflation
The Bank of England has raised interest rates for the first time in over three years, citing rising inflation driven by the conflict in the Middle East.
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The Bank of England has raised interest rates for the first time in over three years, citing rising inflation driven by the conflict in the Middle East.
Analysts expect the Bank of England to lift the base rate to 4% amid rising fuel costs, impacting millions of borrowers.