Interest rates rise to 4%: what’s behind it, and what could come next?
The Bank of England has raised interest rates for the first time in about three years. On Thursday, the Monetary Policy Committee voted 8–1 to increase Bank Rate by 0.25% to 4%, after 11 months at 3.75%. The one member who disagreed, Catherine Mann, wanted a bigger rise, to 4.25%. In this month’s Citrus Bites,
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