Bank of England raises interest rates to 4 per cent
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The Bank of England raised its base rate from 3.75 per cent to 4 per cent, its first increase in three years, citing inflation driven by the Iran war and warning of further rises.

The Bank of England has lifted its base rate from 3.75 per cent to 4 per cent, its first increase in more than three years, as inflation driven by the Iran war continues to push up energy costs.

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