Bank of England hikes rates to 4% as inflation fears mount

LONDON, U.K.: The Bank of England raised interest rates to 4 percent on November 5, its first increase in more than three years, warning that further tightening could…

LONDON, U.K.: The Bank of England raised interest rates to 4 percent on November 5, its first increase in more than three years, warning that further tightening could be necessary as the US-Iran conflict continues to drive up energy costs and threaten Britain's inflation outlook. The central bank's Mone