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Evening Standard
Evening Standard
World
Nicholas Cecil

Interest rates ‘set to be hiked’ by Bank of England on Thursday in fresh blow to homeowners

The Bank of England was expected to hike interest rates for the 11th time in a row on Thursday after a shock resurgence in UK inflation.

Many economists are pencilling in a rise to 4.25 per cent from 4 per cent, with the case for an increase strengthened by official figures on Wednesday revealing a surprise jump in inflation to 10.4 per cent last month.

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