Bank of England raises interest rates to 4%, the first increase for more than three years
Base rate increases from 3.75% and Bank governor signals another rise in near future to combat rising inflation Analysis: Interest rate rise in midst of cost of living crisis will leave many incredulous The Bank of England has raised interest rates for the first time in three years and warned of another increase to combat inflationary pressure unleashed by the Iran war. Eight members of the Bank’s monetary policy committee (MPC) voted for the rise, which takes the base rate from 3.75% to 4%. T
Eight members of the Bank’s monetary policy committee (MPC) voted for the rise, which takes the base rate from 3.75% to 4%. The ninth member, Catherine Mann, preferred a more dramatic half-point increase.
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- Marathon Petroleum is up 9.4% since this was published, 7 days ago.
Price move measured from the close nearest publication to the latest quote.
Analyst targets on Marathon Petroleum
- UBS: at $420 · target $450 by Oct 2027 · Buy via Investing.com
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