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Bank of England raises interest rates to 4%, the first increase for more than three years
The Bank of England has raised interest rates to 4%, marking its first increase in over three years. This move comes as the ongoing Iran war significantly drives up energy costs, with inflation expected to rise to 4.9% by mid-next year.
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The Bank of England has raised interest rates to 4%, marking its first increase in over three years. This move comes as the ongoing Iran war significantly drives up energy costs, with inflation expected to rise to 4.9% by mid-next year.
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Originally reported by The Guardian.
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