
Bank of England raises interest rates to 4%
The Bank of England has decided to raise interest rates for the first time in more than three years.
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The Monetary Policy Committee put base rates up to 4% - a quarter of a percentage point higher.
The Bank wants to keep inflation under control, amid rising energy prices triggered by the conflict in the Middle East.
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The Monetary Policy Committee put base rates up to 4% - a quarter of a percentage point higher.
The Bank wants to keep inflation under control, amid rising energy prices triggered by the conflict in the Middle East.
-------
Get more news at our site - https://www.channel4.com/news/
Subscribe to our Substack newsletter: https://channel4news.substack.com/subscribe
Follow us:
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