Bank of England governor announces raise of interest rate to tackle inflation

The Independent 2023-05-11

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UK inflation is expected to fall slower than previously thought as food prices remain stubbornly high, the Bank of England has said, as it raised interest rates for the 12th time in a row.Seven members of the Bank’s Monetary Policy Committee (MPC) voted to increase the base interest rate to 4.5% from 4.25%.PA, Bank of England
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