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Wales Online
Wales Online
National
August Graham, PA Business Reporter & Will Maule

Bank of England set for bumper interest rate hike

Markets think the Bank of England will unveil the biggest hike in interest rates for over three decades when its decision makers meet on Thursday.

The Monetary Policy Committee (MPC) is expected to increase rates by 0.75 percentage points to 2.5%.

It would be the highest interest rate that the UK has had since the financial crisis. In December 2008, the base rate was slashed from 3% to 2%.

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