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U.K. Inflation Hits 30-Year High, Prompting Expectations of Rise in Interest Rates
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wsj.comLONDON—Consumer prices in the U.K. rose at the fastest annual rate in nearly three decades last month, strengthening the case for further increases in the Bank of England’s key interest rate as the country’s economy emerges from the Omicron wave.
The Bank of England last month became the first major central bank to tighten monetary policy since the start of the pandemic, as the U.K. battles a rise in prices due to supply-chain snarls and higher energy prices.
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Bank of England raises interest rates to 0.5% theguardian.com /2 years ago
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