business
Bank of England signals interest rate rises as Iran war fuels inflation
Andrew Bailey says the Middle East conflict could push inflation to 4% early next year, piling pressure on the chancellor before his budget
The Bank of England has said it is likely to raise interest rates if the Iran war continues and warned that inflation is on track to hit 4 per cent early next year.
Interest rates are now expected to rise as many as four times by the middle of next y... [2952 chars]
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