Business · 1 hour ago
Bank of England Eyes 4% Rate Hike Amid Surging Energy Costs
Valentin Poleac via Wikimedia Commons (CC-BY-SA-4.0)
It would be the first rate hike since August 2023 as policymakers respond to soaring energy costs. Consumer prices rose 3.5% in the year to September, beating the central bank's earlier forecasts. Markets have priced in several more increases for next year, though economists remain more cautious about the pace.
Reported by Reuters · How we write briefs
