Bank of England hikes interest rate for the first time since Iran war, warns inflation will near 5%
Summary
The Bank of England has raised its key interest rate to 4.25 percent following a split vote among policymakers. Officials also issued a warning that inflation is expected to approach five percent soon.
One policymaker voted to raise the bank's key interest rate to 4.25%.
Source: Read the full story at US Top News and Analysis
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