Bank of England raises interest rates to 4% amid inflation concerns
The Bank of England has increased interest rates from 3.75% to 4%, marking the first rise in three years as policymakers seek to control inflation driven by rising fuel and energy costs. The Monetary Policy Committee voted unanimously to raise the Bank Rate after inflation climbed from 3.1% in Augus
<p>The Bank of England has increased interest rates from 3.75% to 4%, marking the first rise in three years as policymakers seek to control inflation driven by rising fuel and energy costs. The Monetary Policy Committee voted unanimously to raise the Bank Rate after inflation climbed from 3.1% in Augus</p>