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The Independent UK
The Independent UK
National
Holly Bancroft

How do interest rates affect inflation? - OLD

Interest Rates Inflation Samaritans
EPA

The Bank of England is expected to raise interest rates for the tenth consecutive time on Thursday as it continues trying to tame sky-high inflation.

Policymakers at the UK central bank were expected to raise rates by a further 0.5 per cent, bringing the base rate to 4 per cent - the highest level in over a decade.

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