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The Independent UK
The Independent UK
National
Anna Wise

Bank of England hikes interest rates to 4% but expects shallower recession

PA Wire

The Bank of England has raised interest rates for the tenth time in a row lumping further pressure on mortgage borrowers.

Decision makers on the Bank’s Monetary Policy Committee (MPC) opted to hike the base rate from 3.5% to 4%, to help bring down double-digit inflation.

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