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The Independent UK
The Independent UK
Business
Anna Wise

Bank of England set to hold interest rates as inflation fuels cost of living fears

Bank of England - (Getty/iStock)

The Bank of England is anticipated to maintain interest rates at 3.75%, though economists caution that rising inflation is increasing pressure for a rate rise.

A majority of forecasters expect the central bank’s Monetary Policy Committee (MPC) to leave borrowing costs unchanged when it meets on Thursday.

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