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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Bank of England poised to raise UK interest rates to 5.25%

Bank of England United Kingdom Interest Rates Inflation MPC Economy ​​Rishi Sunak
for sale and to let signs
Falling house prices have alarmed many economic analysts. Photograph: Maureen McLean/Shutterstock

The Bank of England is poised to push interest rates to 5.25% on Thursday as it tries to bring down inflation with a 14th consecutive increase in the cost of borrowing.

Amid government concerns that cost of living pressures are proving persistent, the Bank is likely to push rates up by 0.25 percentage points to a fresh 15-year high.

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