Markets
8.0
UK central bank expected to raise rates to 4%, first hike in over three years
Published 1 d ago4 sourcesEvidence: Reported
SeverityHighAssessedDeveloping storyBBC NewsLow-rated sourceGB
The CNB raised its base interest rate to 4% to prevent further inflation growth. This will likely increase mortgage costs while improving savings returns. The move signals a tightening bias amid inflation concerns.
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