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Evening Standard
Evening Standard
Business
Henry Saker-Clark

Bank of England expected to hike interest rates to 33-year high

The Bank of England is poised to unveil the biggest hike in interest rates for 33 years next week as the central bank continues its efforts to tame inflation.

The key Monetary Policy Committee (MPC) meeting comes amid warnings that spending cuts and tax hikes under new Prime MinisterRishi Sunak could lead to a deeper and more enduring recession.

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