Bank of England Raises Interest Rates to 4% and Warns Inflation Could Near 5%: What It Means for Mortgages and Savings

The Bank of England has raised Bank Rate from 3.75% to 4%, its first increase since 2023, as Middle East energy shocks push inflation towards 5%. Here is…

The Bank of England has raised Bank Rate from 3.75% to 4%, its first increase since 2023, as Middle East energy shocks push inflation towards 5%. Here is what it means for borrowers and savers.