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World

Bank of England takes interest rates to a 14-year high

4 November 2022

12:12 AM

4 November 2022

12:12 AM

After yesterday’s fourth consecutive 0.75 percentage point interest rate rise from the Federal Reserve, the Bank of England has finally decided to follow suit. This afternoon the BoE announced a rate hike of 0.75 points too, the first rise of this size in 33 years. This takes UK interest rates from 2.25

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