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The Independent UK
The Independent UK
National
Pan Pylas

Bank of England set to raise UK interest rates to highest level since 2008

Copyright 2023 The Associated Press. All rights reserved

The Bank of England is set to raise interest rates later Thursday to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K.

Financial markets expect the bank's nine-member Monetary Policy Committee to lift its main interest rate by a quarter of a percentage point to 4.5%, its 12th straight increase.

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