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Birmingham Post
Birmingham Post
Business
Hannah Baker

Bank of England hikes interest rates again amid Russia's invasion of Ukraine

The Bank of England (BoE) has hiked interest rates for the third time in four months as inflation continues to soar in the UK.

The Monetary Policy Committee (MPC) announced the rise from 0.5% to 0.75% on Thursday (March 17).

Rates are now at their highest level since before the pandemic.

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