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Published 1 year ago

Bank of England readies for biggest rate rise since 1989

Summary by Ground News
The Bank of England looks on track to raise interest rates by three quarters of a percentage point to 3% later on Thursday. The BoE has faced political and financial market turmoil since its last rate rise on Sept. 22. Consumer price inflation returned to a 40-year high of 10.1% in September.

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