BoE hikes rate for first time in 3 years; retreating oil prices may allow for more options ahead - AP News
business 2026/11/05 14:27:00

BoE hikes rate for first time in 3 years; retreating oil prices may allow for more options ahead - AP News

Source:Associated Press
Author:Pan Pylas

The Bank of England is raising interest rates for the first time in more than three years in an effort to tackle an inflation shock stoked by the Iran war. The decision to lift the bank’s main interest rate to 4% from 3.75% Thursday was widely expected given …