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The Independent UK
The Independent UK
National
Matt Mathers

Interest rates - live: Bank of England hikes base rate for 10th time in row

EPA
UK economy set to shrink in 2023 in weakest performance among G7, IMF warns

The Bank of England has said that the UK’s recession will be shallower than expected but warned that it is “too soon” to declare “victory” over inflation as it hiked interest rates for the 10th consecutive time.

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