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The Piney Point

Bank of England raises main interest rate a quarter point to 4% as Iran war stokes inflation

Bank of England raises main interest rate a quarter point to 4% as Iran war stokes inflation
Photo: KPRC 2 / Click2Houston (NBC) · view original

The Bank of England raised interest rates for the first time in more than three years Thursday in a bid to tackle an inflation shock stoked by the Iran war. The decision to lift the bank’s main interest rate to 4% from 3.75% was widely expected given a recent surge in prices. The pressure on the...

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