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BoE raises interest rates to 0.5%
The news comes as the BoE said inflation is on course to hit a 30-year high, and is expected to peak at 7.25% in April, and average close to 6% throughout 2022
The Bank of England (BoE) has raised interest rates for the second time in three months to 0.5%, up from 0.25% previously.
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