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The Independent UK
The Independent UK
National
Rory Sullivan

Bank of England increases interest rates from 0.25% to 0.5% as inflation soars

Bank Bank of England
AP

The Bank of England has raised interest rates from 0.25 to 0.5 per cent in an attempt to curb growing inflation.

As rates jumped from 0.1 to 0.25 per cent in December, the latest move marks the Bank’s first back-to-back increase since June 2004.

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