Today’s UK interest rate rise unlikely to be the last unless Iran war ends, Bank of England warns – business live
Andrew Bailey then hints that the Bank could well raise interest rates again, following today’s hike to 4% , unless the Iran war ends.
double quotation mark Today’s increase should not be seen as the first in an inevitable long sequence of hikes. That is not inevitable.
But unless the conflict in the Middle East is resolved, neither does it seem likely to be the last increase.
Source: The Guardian. Summary reproduced for informational purposes.
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