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Evening Standard
Evening Standard
Business
Anna Wise

Interest rate hike ‘firmly on table’ after inflation rises to 11-month high

The upward march in fixed mortgages rates has gone into reverse, according to figures from a financial information website (Alamy/PA) -

Inflation rising to the highest rate in almost a year makes it more likely that the Bank of England will hike interest rates next month, with living costs set to rise further this winter, economists think.

Experts have said the latest inflation data from the Office for National Statistics (ONS) has reinforced expectations of a rate hike in November.

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