Interest rate rise predicted as Bank of England 'patience running thin' after oil prices SKYROCKET

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GB News

Interest rate rise predicted as Bank of England 'patience running thin' after oil prices SKYROCKET

Interest rates are expected to rise once again following recent developments in the US-Iran war as economists warn the Bank of England's "patience is running thin" Oil prices surged again as conflict escalated in the Middle East, with analysts warning "things could get ugly very quickly". The price rises are expected to fuel inflation and could lead to the Bank of England hiking interest rates, experts said. Curren…