Bank of England hikes interest rate for the first time since Iran war, warns inflation will near 5%
Headline from CNBC · First reported Nov 4, 5:47 AM ET () · Updated Nov 5, 8:08 AM ET · 7 sources, 12 articles
What's being reported
Decision by MPC a week after the budget comes as Iran war continues to drive up energy costs Business live – latest updates The Bank of England has raised interest rates for the first time in three years and warned of another increase to come, to combat soaring inflation unleashed by the Iran war.…
Summary from The Guardian. Read every outlet's version below.Same story, different headlines
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Bank of England raises main interest rate a quarter point to 4% as Iran war stokes inflation
Bank of England Raises Rates for First Time in Three Years
The central bank increased interest rates for the first time in more than three years and warned that inflation would climb to about 5 percent next year, far above its target.
Bank 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 Business live – latest updates The Bank of England has raised interest rates for the first time in three years and warned of another increase to come, to combat soaring inflation unleashed by the Iran war.…
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Three ways the interest rate rise could affect you
Job, loans and savings are all affected by the rise in interest rates announced by the Bank of England.
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Bank of England hikes interest rate for the first time since Iran war, warns inflation will near 5%
One policymaker voted to raise the bank's key interest rate to 4.25%.
