Bank of England raises interest rates to 4% amid cost-of-living crisis
🤖 AI-generated content — The title and summary were produced automatically by artificial intelligence, without human editorial review.
The Bank of England raised its benchmark interest rate by 0.25 percentage points to 4%, warning that the energy shock could revive inflation through higher prices and wages. The decision contrasts with the Office for Budget Responsibility’s forecast of lower inflation and weak wage growth.
Continue in the app — vote & join in ➔Source: The Guardian World · via ahirlevel.hu