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The Independent UK
The Independent UK
National
Joe Middleton

Bank of England holds interest rates at 15-year-high as economy flirts with recession

Interest Rates Bank of England Economy Inflation Recession Andrew Bailey MPC United Kingdom
PA

The Bank of England on Thursday held interest rates at a 15-year high as fresh data shone a spotlight on the UK’s frail economy.

The Monetary Policy Committee (MPC) met for the final time this year and decided to keep interest rates - which help dictate the mortgage rates set by High Street banks - at 5.25 per cent.

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