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The Independent UK
The Independent UK
Business
Karl Matchett,Kate Devlin and Jane Dalton

Interest rates live: Bank of England warns surging food prices could push inflation to 4%

Bank of England Interest Rates Monetary Policy Committee MPC Monetary Policy

The Bank of England's governor has warned that rising food prices could push up inflation to 4 per cent, after another cut to interest rates.

The Monetary Policy Committee voted 5-4 for a drop of 0.25 of a percentage point, despite concerns over soaring inflation and US president Donald Trump’s tariffs.

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