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Bank of England hikes interest rates for first time since 2023 as inflation surges

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Bank of England hikes interest rates for first time since 2023 as inflation surges
Photo / Coverage: The Independent - BusinessCredit: Anna Wise
EXECUTIVE SUMMARY

The Bank’s Governor Andrew Bailey also warned that further hikes are likely if the Iran war is not resolved.

Key Takeaways

  • Bank of England hikes interest rates for first time since 2023 as inflation surges.
  • The Bank’s Governor Andrew Bailey also warned that further hikes are likely if the Iran war is not resolved.
  • The Bank’s Governor Andrew Bailey also warned that further hikes are likely if the Iran war is not resolved.

The Bank’s Governor Andrew Bailey also warned that further hikes are likely if the Iran war is not resolved.

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Read Complete Original Article

Published originally on The Independent - Business

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OTHER MEDIA SOURCES COVERING THIS STORY
4 Publishers Reporting
The Globe and Mail - Business
Bank of England raises rates for first time since 2023, signals more may come
Business Standard - Top Stories
Bank of England raises rates for first time since 2023, says more may come
The Straits Times
Bank of England raises rates for first time since 2023, says more may come

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