The Bank of England raised its benchmark interest rate by a quarter point to 4% on Thursday in London, its first increase since 2023. Governor Andrew Bailey said prolonged Middle East conflict and rising energy costs were adding inflationary pressure, and policymakers said future inflation pressure after months of high energy prices required a rise now.
Reporting from 6 identified publishers across this event arc.
These publishers contributed reporting to the broader event history. Not every source addresses the specific development described above.
How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.
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