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Published 2 years ago

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.

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