Bank of England raises rates to 4% for first time in over three years
The MPC voted 8-1 to lift rates from 3.75% to 4% and said at least one further increase was likely if the US-Iran conflict continues. Gilt yields rose.
The Bank of England raised interest rates for the first time in over three years on Thursday and warned that at least one more increase was likely if the US-Iran conflict continues.The central bank's Monetary Policy Committee (MPC) voted 8-1 to raise rates to 4% from 3.75%, but in contrast to expec…