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Bank of England raises interest rates to 1.75% in biggest hike in 27 years

Summary by Ground News

Bank of England raises interest rates by 50 basis points for the first time since 1995. The move took the benchmark interest rate to 1.75%, its highest since 2008. Inflation hit a 40-year high of 9.4% year-on-year in June.

2 months ago·London, United Kingdom

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Bank of England Raises Key Interest Rate by 50 bps, Its Biggest Hike in Over 27 Years

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Bank of England hikes interest rates and says inflation will hit 13%

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2 months ago·London, United Kingdom

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Faced with soaring inflation, Bank of England announces largest rate increase in 27 years

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The Independent

Bank of England raises interest rates to 1.75% - the highest level in 13 years

Interest rate rise is ‘further proof Conservatives have lost control of the economy’ Labour says

2 months ago·London, United Kingdom

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Bank of England makes biggest rate hike in 27 years, warns of recession until 2024 - National

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2 months ago·Toronto, Canada

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