Bank of England raises interest rate to 4%, first hike in over 3 years
FROM THE WIRE · RTTNEWS.COM
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…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA key policy rate change by the central bank is a high-impact event for sterling, gilts and UK equities.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The Bank of England raised its key rate to 4% on Thursday, as expected.
- 02It is the first hike since 2023.
- 03The bank warned more hikes may be needed if the Middle East conflict does not resolve quickly.