13 Hrs
Source:
الاقتصادية
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Source: الاقتصادية
13 Hrsالاقتصادية
Source: الاقتصادية
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The Bank of England raised interest rates by a quarter of a percentage point to 4%, in an 8–1 vote, warning that a further increase may be needed. It expects inflation to peak at 4.9% in the second quarter of next year, driven by rising energy costs, with the possibility of reaching 6.2% if the conflict with Iran escalates. The Bank says future interest-rate decisions will depend on how prices evolve and on the extent to which higher energy costs feed through to wages and other prices.
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