Bank of England Raises Interest Rate to 4%, First Hike Since 2023
The Bank of England raised its key interest rate to 4% on Thursday, as expected, its first increase since 2023. It warned that further hikes would be necessary if the Middle East conflict does not ease.
LONDON (dpa-AFX) - The U.K. central bank raised its key interest rate on Thursday, as expected, for the first time since 2023 in an attempt to cushion the future impact of the second-round effects of high energy prices and warned that more hikes would be necessary if the Middle East conflict does n…