Economic data
Bank of England raises key interest rate for first time in over 3 years
The Bank of England has raised interest rates to 4% as it tries to curb rising prices fuelled by the Iran war.
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More news about Iran
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More on Economic data
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- Bank of England lifts rate for first time since 2023 to fight inflationThe Bank of England (BoE) raised its benchmark interest rate to four per cent on Thursday, the first increase in more than three years, as soaring energy costs push up global inflation. The central...
- Bailey speech: Latest fall in oil prices is positive newsBank of England (BoE) Governor Andrew Bailey speaks on the policy outlook and responds to questions from the press following the decision to raise the policy rate by 25 basis points (bps) to 4% aft...
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