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The Independent UK
The Independent UK
National
Joe Middleton

Bank of England hikes interest rates for 11th time running after leap in inflation

PA Wire

The Bank of England increased interest rates for the 11th time in a row after an unexpected resurgence in UK inflation.

The Bank’s Monetary Policy Committee (MPC) decided to increase interest rates to 4.25% from 4%, just a day after the US Federal Reserve raised its key overnight interest rate by a quarter of a percentage point.

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