BOE Hikes Rates, Warns of Rising Inflation

The Bank of England raised its base rate to 4%, an increase of 0.25 percentage points. The central bank warned that inflation is expected to reach nearly 5% in the coming year and indicated additional rate increases are likely.

• CNBC — Bank of England hikes interest rate for the first time since Iran war, warns inflation will near 5%
• Bloomberg — BOE Hikes Rates, Warns of Rising Inflation

Next story