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Evening Standard
Evening Standard
Business
Jonathan Prynn

BofE leaves interest rates on hold at 3.75% amid fresh inflation fears

Inflation Interest Rates Iran Bank of England

The City was put on warning of a possible rate hike this year as the Bank of England kept its interest rate on hold at 3.75%.

The Bank’s Monetary Policy Committee (MPC) voted unanimously to keep the cost of borrowing unchanged amid growing fears about a new inflation spike.

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