U.K. inflation has reached a 13-year high of 10%, prompting the Bank of England (BOE) to increase interest rates by 0.5 meaning that the base interest rate is now 1%. It is the fourth consecutive hike since December, as households have had to grapple with record consumer prices. U.K. Inflation WorriesAs reported by CNBC, the Bank’s Monetary Policy Committee approved a 25-basis point hike by a majority of 6-3, while the minority favored a 0.5 percentage-point increase to 1.25%. Q1 2022 hedge fund letters, conferences and more The BOE is taking measures as the ongoing war in Ukraine has had an e…