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The Independent UK
The Independent UK
National
Alastair Jamieson

Bank of England raises interest rates for 12th consecutive time to curb rising inflation

Inflation Interest Rates
PA Archive

UK interest rates are at their highest level in 15 years after the Bank of England announced a 12th consecutive increase – but it forecast inflation would finally dip by the end of this year.

Seven members of the Bank’s Monetary Policy Committee (MPC) voted to increase the base rate to 4.5% from 4.25%, representing a 0.25 percentage point rise.

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