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Evening Standard
Evening Standard
World
Jonathan Prynn

Bank of England raises interest rates to 4%

Bank of England Interest Rates London

Thousands of struggling London home owners were dealt another huge blow on Thursday when the Bank of England increased its interest rate by half a percentage point to a 15 year high of 4 per cent.

The Bank’s Monetary Policy Committee (MPC) voted 7 to 2 to hike the cost of borrowing for the 10th successive time to bring rampaging inflation under control.

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