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Evening Standard
Evening Standard
Politics
Anna Wise

Bank of England ‘unlikely’ to cut interest rates as inflation pressure grows

Inflation MPC Interest Rates Bank of England Sandra Horsfield Monetary Policy PA Graphics United Kingdom

The Bank of England is predicted to keep UK interest rates at 4.25% on Thursday amid rising food inflation and the threat of surging oil prices pushing up the cost of living.

Most economists think the Bank of England’s Monetary Policy Committee (MPC) will opt to keep rates on hold when it meets on Thursday.

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