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Anna Wise

Bank of England set to hold interest rates as it faces balancing act

Interest Rates Bank of England MPC

The Bank of England is set to keep interest rates on hold, economists think (John Walton/PA) - (PA Wire)

The Bank of England is set to keep interest rates on hold as policymakers face the task of navigating the Middle East energy shock and a slowing economy.

Many economists do not think an interest rate hike is on the cards this month despite concerns that the Iran war is putting pressure on UK inflation.

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