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Evening Standard
Evening Standard
Business
Simon English

No recession and lower rates on way, predicts mortgage giant Lloyds Bank

BRITAIN’S biggest mortgage lender offered hope to the nation’s homeowners today and predicted the UK will no longer fall into recession next year.

Lloyds Banking Group said Bank of England interest rates should peak at 5.5% -- far below the 7% some in the City were fearing just weeks ago.

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