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.
Related
BusinessWhat does the raise in interest rates mean?
The BBC's cost of living correspondent Kevin Peachey explains what the change could mean for those saving for a holiday or to buying a house.
BusinessWhat does interest rate rise mean for homeowners and savers?
First rate rise for more than three years leaves millions facing rise in mortgage payments Bank of England raises interest rates to 4% Business live – latest updates The Bank of England has hiked interest rates by 0.25 percentage points, taking the base rate t
BusinessFaisal Islam: How high will interest rates go?
The BBC's economics editor views one more interest rate as likely, but thinks that will be all.
BusinessInterest rate rise in midst of cost of living crisis will leave many incredulous
Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growth Bank of England raises interest rates to 4% Business live – latest updates An interest rate rise by the Bank of Eng
Never miss a headline
The biggest stories in business and finance, delivered to your inbox. Join thousands of readers — unsubscribe any time.