Bank of England to hoist interest rates to 5.75 per cent as experts warn UK inflation is out of control

Bank of England to hoist interest rates to 5.75 per cent as experts warn UK inflation is out of control

City A.M.

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The Bank of England will have to hike interest rates to their highest level since July 2007, the eve of the financial crisis, in a sign that markets think the UK has the worst inflation problem in the rich world. Traders ratcheted up bets on how high Bank Governor Andrew Bailey and the rest of [...]

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