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The Week
The Week
National
Julia O’Driscoll

FOUND: Interest rates rise to 5 25 for first time in 15 years | Mind Blowing Facts

Interest Rates Bank of England Inflation Monetary Policy The Times Money Mentor

Inflation is slowing but at 7.9% it remains well above the Bank of England’s 2% target

The Bank of England raised interest rates for the 14th time in a row today, by 0.25%. The Bank’s Monetary Policy Committee voted by a 6-3 majority in favour of the rate rise. 

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