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Bank of England raises main interest rate a quarter point to 4% as Iran war stokes inflation

David Robinson
Reporter · Thursday, November 5, 2026 at 12:40 PM · 1 min read
Bank of England raises main interest rate a quarter point to 4% as Iran war stokes inflation — Pittsburgh Community news

The Bank of England is raising interest rates for the first time in more than three years in an effort to tackle an inflation shock stoked by the Iran war. The decision to lift the bank’s main interest rate to…

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