Bank of England raises interest rates to 4%, the first increase for more than three years
The Guardian1 min read1 reads
Decision by MPC a week after the budget comes as Iran war continues to drive up energy costs
Before the Iran war the Bank of England’s nine-member monetary policy committee had been expected to cut interest rates this year. Photograph: Thomas Krych/Zuma Press Wire/ShutterstockBefore the Iran war the Bank of England’s nine-member monetary policy committee had been expected to cut interest rates this year. Photograph: Thomas Krych/Zuma Press Wire/ShutterstockBank 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
