Bank of England raises rates to 4 per cent alongside hawkish inflation forecasts

What happened: The Bank of England raised interest rates to 4 per cent and published hawkish inflation forecasts. Key numbers: Rates at 4 per cent. Why it matters: Growing fears of second-round inflation effects mean Thursday's rate increase is unlikely to be the last. Coverage: 3 outlets in 24h

The Bank of England raised interest rates to 4 per cent and published hawkish inflation forecasts.

Growing fears of second-round inflation effects mean Thursday's rate increase is unlikely to be the last.