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The Independent UK

National

Matt Mathers

Bank of England raises interest rates again in 10th consecutive hike

Bank of England Interest Rates Andrew Bailey Inflation

EPA

The Bank of England has raised interest rates for the tenth time in a row, putting more pressure on mortgage payers and businesses struggling to pay off loans.

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

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